Heartland Payment Systems Stock Hits New 52-Week High (HPY)

NEW YORK ( TheStreet) -- Heartland Payment Systems (NYSE: HPY) hit a new 52-week high Monday as it is currently trading at $24.12, above its previous 52-week high of $24.01 with 4,997 shares traded as of 9:30 a.m. ET. Average volume has been 301,300 shares over the past 30 days.

Heartland Payment Systems has a market cap of $906.9 million and is part of the services sector and diversified services industry. Shares are up 55.4% year to date as of the close of trading on Friday.

Heartland Payment Systems, Inc. provides bankcard payment processing services in the United States and Canada. The company has a P/E ratio of 23.2, equal to the average diversified services industry P/E ratio 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, 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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