Heartland Payment Systems Inc. Announces Quarterly Dividend of $0.09 (HPY)
Heartland Payment Systems (NYSE:HPY) declared a quarterly dividend on Wednesday, February 5th, Stock Ratings Network.com reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.085 per share on Friday, March 14th. This represents a $0.34 dividend on an annualized basis and a yield of 0.81%.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of Heartland Payment Systems from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. They now have a $48.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at JPMorgan Chase & Co. downgraded shares of Heartland Payment Systems from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at Zacks upgraded shares of Heartland Payment Systems from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $52.70 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Heartland Payment Systems has an average rating of “Hold” and an average target price of $43.21.
Shares of Heartland Payment Systems (NYSE:HPY) traded down 2.76% on Wednesday, hitting $40.86. 696,807 shares of the company’s stock traded hands. Heartland Payment Systems has a 1-year low of $29.35 and a 1-year high of $50.44. The stock has a 50-day moving average of $47.06 and a 200-day moving average of $42.07. The company has a market cap of $1.507 billion and a P/E ratio of 21.14.
Heartland Payment Systems (NYSE:HPY) last released its earnings data on Tuesday, February 4th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $530.40 million for the quarter, compared to the consensus estimate of $499.00 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.32 EPS for the current fiscal year.
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.