Heartland Payment Systems Insider Sells $931,562 in Stock (HPY)
Heartland Payment Systems (NYSE:HPY) Insider Charles Kallenbach sold 19,323 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $48.21, for a total transaction of $931,561.83. Following the completion of the transaction, the insider now directly owns 3,882 shares of the company’s stock, valued at approximately $187,151. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Heartland Payment Systems (NYSE:HPY) traded down 1.34% on Thursday, hitting $48.03. 180,244 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 $46.36 and a 200-day moving average of $42.43. The company has a market cap of $1.728 billion and a price-to-earnings ratio of 25.33.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.58 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.62 earnings per share. Heartland Payment Systems’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Heartland Payment Systems will post $2.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, August 25th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, August 21st.
A number of analysts have recently weighed in on HPY shares. Analysts at Keefe, Bruyette & Woods upgraded shares of Heartland Payment Systems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 19th. They now have a $56.00 price target on the stock, up previously from $51.00. Separately, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Heartland Payment Systems has a consensus rating of “Hold” and an average price target of $47.64.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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