Heartland Payment Systems Inc. Hits New 52-Week High at $41.53 (HPY)
Heartland Payment Systems (NYSE:HPY)’s share price reached a new 52-week high on Monday, Analyst Ratings Net reports. The company traded as high as $41.53 and last traded at $41.41, with a volume of 189,778 shares traded. The stock had previously closed at $40.19.
A number of research firms have recently commented on HPY. Analysts at Jefferies Group initiated coverage on shares of Heartland Payment Systems in a research note to investors on Friday. They set a “hold” rating and a $42.00 price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Heartland Payment Systems has an average rating of “Buy” and a consensus target price of $40.12.
In other Heartland Payment Systems news, Chairman Robert Baldwin, Jr. unloaded 12,000 shares of Heartland Payment Systems stock on the open market in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $39.14, for a total transaction of $469,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 $38.40 and a 200-day moving average of $35.65. The company has a market cap of $1.514 billion and a P/E ratio of 21.21.
Heartland Payment Systems (NYSE:HPY) last posted its quarterly 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. On average, analysts predict that Heartland Payment Systems will post $1.97 earnings per share for the current fiscal year.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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