Heartland Payment Systems Rises On Unusually High Volume (HPY)

NEW YORK (TheStreet) -- Heartland Payment Systems (NYSE:HPY) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading up $1.78 (+7.2%) at $26.50 as of 11:25 a.m. ET.

Heartland Payment Systems has a market cap of $968.8 million and is part of the services sector and diversified services industry. Shares are up 1.5% year to date as of the close of trading on Wednesday.

Heartland Payment Systems, Inc. provides bankcard payment processing services in the United States and Canada. The company has a P/E ratio of 25, above the average diversified services industry P/E ratio of 24.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Heartland Payment Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Heartland Payment Systems Ratings Report.

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