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

NEW YORK ( TheStreet) -- Heartland Payment Systems (NYSE: HPY) hit a new 52-week high Friday as it is currently trading at $29.17, above its previous 52-week high of $29.09 with 30,633 shares traded as of 10:30 a.m. ET. Average volume has been 280,300 shares over the past 30 days.

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 18.2% year to date as of the close of trading on Thursday.

Heartland Payment Systems, Inc. provides bankcard payment processing services in the United States and Canada. The company has a P/E ratio of 26.1, 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 impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. 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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