Heartland Payment Systems Given Neutral Rating at Nomura (HPY)
Heartland Payment Systems (NYSE:HPY)‘s stock had its “neutral” rating reiterated by equities researchers at Nomura in a research report issued on Monday. They currently have a $48.00 price target on the stock, up from their previous price target of $43.00. Nomura’s price objective points to a potential upside of 1.03% from the stock’s previous close.
Heartland Payment Systems (NYSE:HPY) traded down 0.95% during mid-day trading on Monday, hitting $47.06. 221,460 shares of the company’s stock traded hands. 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 $43.4 and its 200-day moving average is $41.97. The company has a market cap of $1.686 billion and a P/E ratio of 24.10.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.03. The company had revenue of $159.40 million for the quarter, compared to the consensus estimate of $160.84 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.72%.
A number of other analysts have also recently weighed in on HPY. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Heartland Payment Systems from $44.00 to $51.00 in a research note on Monday. Separately, analysts at BMO Capital Markets initiated coverage on shares of Heartland Payment Systems in a research note on Wednesday, July 16th. They set a “market perform” rating and a $46.00 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Heartland Payment Systems in a research note on Tuesday, July 8th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $46.97.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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