Insider Selling: Heartland Payment Systems CEO Sells 17,000 Shares of Stock (HPY)
Heartland Payment Systems (NYSE:HPY) CEO Robert Carr sold 17,000 shares of Heartland Payment Systems stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.87, for a total transaction of $643,790.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
HPY has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $39.80.
Shares of Heartland Payment Systems (NYSE:HPY) traded up 1.83% during mid-day trading on Friday, hitting $37.87. 307,156 shares of the company’s stock traded hands. Heartland Payment Systems has a one year low of $25.76 and a one year high of $40.38. The stock has a 50-day moving average of $38.1 and a 200-day moving average of $34.47. The company has a market cap of $1.395 billion and a price-to-earnings ratio of 19.63.
Heartland Payment Systems (NYSE:HPY) last announced its earnings results on Wednesday, July 31st. The company reported $0.62 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. Heartland Payment Systems’s revenue was up 10.6% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 13th. Stockholders 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.