Heartland Payment Systems Given Average Rating of “Hold” by Brokerages (NYSE:HPY)
Heartland Payment Systems (NYSE:HPY) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, ARN reports. Nine analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $47.18.
A number of research firms have recently commented on HPY. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Heartland Payment Systems in a research note on Wednesday, August 13th. They now have a $50.00 price target on the stock, up previously from $46.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Heartland Payment Systems in a research note on Tuesday, August 5th. They now have a $47.00 price target on the stock, up previously from $43.00. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Heartland Payment Systems in a research note on Monday, August 4th. They now have a $48.00 price target on the stock, up previously from $43.00.
Shares of Heartland Payment Systems (NYSE:HPY) traded up 1.21% during mid-day trading on Monday, hitting $47.79. 20,346 shares of the company’s stock traded hands. Heartland Payment Systems has a 1-year low of $36.73 and a 1-year high of $50.44. The stock has a 50-day moving average of $44.7 and a 200-day moving average of $42.06. The company has a market cap of $1.720 billion and a P/E ratio of 24.57.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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%. The ex-dividend date is Thursday, August 21st.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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