Heartland Payment Systems Reaches New 52-Week High (HPY)

NEW YORK ( TheStreet) -- Heartland Payment Systems (NYSE: HPY) hit a new 52-week high Thursday as it is currently trading at $30.55, above its previous 52-week high of $30.45 with 14,433 shares traded as of 9:45 a.m. ET. Average volume has been 335,300 shares over the past 30 days.

Heartland Payment Systems has a market cap of $1.14 billion and is part of the services sector and diversified services industry. Shares are up 24.3% 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 27, 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, 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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