Heartland Payment Systems Chairman Unloads $469,680 in Stock (HPY)
Heartland Payment Systems (NYSE:HPY) Chairman Robert Baldwin, Jr. sold 12,000 shares of Heartland Payment Systems stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $39.14, for a total value of $469,680.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “hold” rating on shares of Heartland Payment Systems in a research note to investors on Wednesday, October 2nd. They now have a $42.60 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Heartland Payment Systems to $45.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Finally, analysts at Raymond James upgraded shares of Heartland Payment Systems from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Heartland Payment Systems has an average rating of “Buy” and an average price target of $39.97.
Heartland Payment Systems (NYSE:HPY) traded up 3.05% on Thursday, hitting $39.48. 345,874 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 $38.29 and a 200-day moving average of $35.57. The company has a market cap of $1.454 billion and a price-to-earnings ratio of 20.22.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly 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 previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $1.96 EPS for the current fiscal year.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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