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Equities research analysts at SunTrust increased their target price on shares of Heartland Payment Systems (NYSE:HPY) from $51.00 to $54.00 in a research note issued to investors on Tuesday. SunTrust’s price target would suggest a potential upside of 29.75% from the company’s current price.

Heartland Payment Systems (NYSE:HPY) traded up 0.99% during mid-day trading on Tuesday, hitting $41.62. The stock had a trading volume of 621,215 shares. Heartland Payment Systems has a 52 week low of $36.73 and a 52 week high of $50.44. The stock’s 50-day moving average is $41.55 and its 200-day moving average is $42.56. The company has a market cap of $1.491 billion and a price-to-earnings ratio of 20.91.

Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $523.28 million for the quarter, compared to the consensus estimate of $155.85 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.40 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird upgraded shares of Heartland Payment Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $47.00 price target on the stock. Separately, analysts at Buckingham Research reiterated a “buy” rating on shares of Heartland Payment Systems in a research note on Thursday, May 1st. They now have a $48.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Heartland Payment Systems from $38.00 to $40.00 in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.64.

Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.

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