New Lifetime High Reached By Heartland Payment Systems (HPY)

Trade-Ideas LLC identified Heartland Payment Systems (HPY) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Heartland Payment Systems

(

HPY

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Heartland Payment Systems as such a stock due to the following factors:

  • HPY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $23.1 million.
  • HPY has traded 75,801 shares today.
  • HPY is trading at a new lifetime high.

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More details on HPY:

Heartland Payment Systems, Inc. provides payment processing services in the United States. The stock currently has a dividend yield of 0.5%. HPY has a PE ratio of 66. Currently there are 3 analysts that rate Heartland Payment Systems a buy, no analysts rate it a sell, and 13 rate it a hold.

The average volume for Heartland Payment Systems has been 295,700 shares per day over the past 30 days. Heartland Payment Systems has a market cap of $2.7 billion and is part of the services sector and diversified services industry. The stock has a beta of 0.79 and a short float of 8% with 8.33 days to cover. Shares are up 42.7% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Heartland Payment Systems as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 27.0%. Since the same quarter one year prior, revenues rose by 17.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Net operating cash flow has significantly increased by 261.31% to $62.53 million when compared to the same quarter last year. In addition, HEARTLAND PAYMENT SYSTEMS has also vastly surpassed the industry average cash flow growth rate of -11.39%.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 40.04% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • HEARTLAND PAYMENT SYSTEMS has improved earnings per share by 14.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, HEARTLAND PAYMENT SYSTEMS reported lower earnings of $0.91 versus $1.98 in the prior year. This year, the market expects an improvement in earnings ($2.89 versus $0.91).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the IT Services industry average, but is greater than that of the S&P 500. The net income increased by 16.7% when compared to the same quarter one year prior, going from $20.46 million to $23.88 million.

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