Heartland Payment Systems Insider Sells $125,924 in Stock (HPY)
Heartland Payment Systems (NYSE:HPY) Insider Ian Drysdale sold 3,156 shares of the company’s stock on the open market in a transaction dated Friday, October 11th. The shares were sold at an average price of $39.90, for a total value of $125,924.40. Following the sale, the insider now directly owns 4,000 shares in the company, valued at approximately $159,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Heartland Payment Systems (NYSE:HPY) traded down 0.36% during mid-day trading on Tuesday, hitting $40.96. 200,497 shares of the company’s stock traded hands. Heartland Payment Systems has a 52 week low of $25.76 and a 52 week high of $41.53. The stock’s 50-day moving average is $38.48 and its 200-day moving average is $35.75. The company has a market cap of $1.508 billion and a P/E ratio of 21.69.
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 $1.97 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.12.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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