Heartland Payment Systems Rating Increased to Outperform at Raymond James (HPY)
Heartland Payment Systems (NYSE:HPY) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Monday, Stock Ratings Network.com reports.
Shares of Heartland Payment Systems (NYSE:HPY) traded up 0.42% on Monday, hitting $38.03. The stock had a trading volume of 240,164 shares. Heartland Payment Systems has a 1-year low of $25.76 and a 1-year high of $40.38. The stock’s 50-day moving average is $38.13 and its 200-day moving average is $34.51. The company has a market cap of $1.400 billion and a price-to-earnings ratio of 19.98.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data 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. Analysts expect that Heartland Payment Systems will post $1.96 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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 Susquehanna raised their price target on shares of Heartland Payment Systems (NYSE:HPY) from $28.00 to $34.00 in a research note to investors on Thursday, August 1st.
One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.51.
In other Heartland Payment Systems news, CEO Robert Carr sold 17,000 shares of Heartland Payment Systems stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $37.87, for a total value of $643,790.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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