Deluxe Corp Stock Price, News & Analysis

Deluxe (NYSE: DLX) recently announced the issuance of restricted stock unit (RSU) awards to Yogaraj Jayaprakasam, its new Chief Technology and Digital Officer, to incentivize his joining. He received two awards on May 13, totaling 61,062 RSUs, with vesting contingent on continued employment. The RSUs vest over different timelines: half after two years and the remainder quarterly over four years. Deluxe supports a vast range of businesses, processing around $3 trillion in annual payment volume.

Deluxe (NYSE:DLX) has partnered with Codat to enhance its Payroll + HR Solutions, allowing automatic reconciliation of payroll data into accounting software like QuickBooks Online. This integration eliminates the need for manual data entry, saving time and reducing errors for small business owners. The feature will be provided at no additional cost. The collaboration aims to improve payroll processing efficiency, with plans for further integrations with other accounting software in the future, supporting Deluxe's mission to empower small businesses.

Deluxe Corporation has been nominated for an Emmy® for its Small Business Revolution reality show, specifically the sixth season in the Outstanding Lifestyle Program category. This season highlighted six Black-owned businesses in Minneapolis and St. Paul, showcasing how Deluxe's support helped them thrive amidst challenges, including COVID-19. The Creative Arts & Lifestyle Daytime Emmy Awards will take place on June 18, and this nomination marks the second for the series, further validating Deluxe's commitment to assisting small business owners.

Deluxe (NYSE: DLX) announced that Barry C. McCarthy, President and CEO, and Scott C. Bomar, CFO, will present at the 17th Annual Needham Technology & Media Conference on May 16 at 10:15 am EDT. Interested parties can access a live webcast via the investor relations section of Deluxe's website, with a replay available post-event. Deluxe has established itself as a trusted payments and business technology provider, processing approximately $3 trillion in annual payment volume, supporting small businesses, financial institutions, and major consumer brands.

Deluxe reported a 26.0% revenue growth in Q1 2022, with total revenue reaching $556.0 million. Excluding the First American acquisition, revenue growth stood at 7.1%. All segments achieved year-over-year revenue increases, particularly the Payments segment, which surged 109.1% to $166.2 million. However, net income plummeted 60.1% to $9.7 million, and Adjusted EBITDA margin declined to 17.9%. A quarterly dividend of $0.30 per share was declared, payable June 6, 2022. Full-year revenue growth is projected at 8% to 10%.

Deluxe announces the appointment of Yogaraj Jayaprakasam as Chief Technology and Digital Officer, marking a step towards transforming the company into a payments and data enterprise. With extensive experience from American Express, Jayaprakasam will oversee technology and digital platforms, aiming to enhance operational efficiency through cloud-based infrastructure. His leadership is expected to drive innovation in product offerings, supporting Deluxe's mission to empower businesses. The company processes over $2.8 trillion in annual payment volume.

Deluxe (NYSE:DLX) has partnered with BillGO to enhance its Deluxe Payment Exchange (DPX) platform, enabling digitized check delivery for payments. This collaboration aims to process billions in payments annually and provides businesses with more efficient digital payment options. BillGO can now leverage DPX for faster payment processing, improving cost efficiency and reducing reliance on paper checks, which are still used by 65% of small to mid-size U.S. businesses. The initiative targets increasing payment volumes and enhancing financial workflows for clients.

Deluxe Corporation (NYSE: DLX) has been recognized for the 14th consecutive year for its commitment to gender diversity in leadership roles. The company was honored during an event referencing The Minnesota Census of Women in Corporate Leadership, which evaluates women in executive positions across Minnesota's largest publicly traded companies. Cheryl Mayberry McKissack, Chair of the Board, is one of the few African American female board chairs of Fortune 1000 companies, further enhancing Deluxe's reputation in promoting diversity.

Outseer has appointed John Filby as its new CEO to lead the company's efforts in combating transactional fraud. Filby brings over 25 years of financial technology experience, previously serving at Global Holdings and Deluxe Corporation (NYSE: DLX). At Deluxe, he led essential FinTech acquisitions that modernized the business, while at Fiserv Inc. (NASDAQ: FISV), he developed successful transactional fraud products. His focus will be on leveraging Outseer’s capabilities to enhance fraud detection and customer service in a dynamic market.