Heartland Payment Systems Chairman Sells $456,840 in Stock (HPY)
Heartland Payment Systems (NYSE:HPY) Chairman Robert Baldwin, Jr. unloaded 12,000 shares of Heartland Payment Systems stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $38.07, for a total transaction of $456,840.00. Following the completion of the sale, the chairman now directly owns 533,173 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on HPY. Analysts at Zacks downgraded shares of Heartland Payment Systems (NYSE:HPY) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $42.60 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Heartland Payment Systems (NYSE:HPY) from $43.00 to $47.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Heartland Payment Systems (NYSE:HPY) from $39.00 to $43.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Heartland Payment Systems has an average rating of “Hold” and a consensus price target of $39.80.
Shares of Heartland Payment Systems (NYSE:HPY) traded down 1.80% during mid-day trading on Thursday, hitting $37.19. The stock had a trading volume of 279,106 shares. Heartland Payment Systems has a 1-year low of $25.76 and a 1-year high of $40.38. The stock has a 50-day moving average of $38.27 and a 200-day moving average of $34.4. The company has a market cap of $1.370 billion and a P/E ratio of 19.98.
Heartland Payment Systems (NYSE:HPY) last released its earnings data on Wednesday, July 31st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.12. The company had revenue of $149.70 million for the quarter, compared to the consensus estimate of $151.60 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that Heartland Payment Systems will post $1.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 13th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, August 21st.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.