Heartland Payment Systems (NYSE:HPY) Receives a Downgrade
Sun Trust Rbsn Humphrey downgraded shares of Heartland Payment Systems (NYSE:HPY) stock from a “Buy” rating to a “Neutral” rating in a recent report issued to investors and clients on Wednesday, 16 December.
From a total of 14 analysts covering Heartland Payment Systems (NYSE:HPY) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 15 a ”Hold”. This means that 21% of the ratings are positive. The highest target price is $94 while the lowest target price is $63. The mean of all analyst targets is $78.57 with a -19.78% below today’s ($93.83) stock price. Heartland Payment Systems was the topic of 19 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on December 11 with “Outperform” rating. Robert W. Baird downgraded shares to “Neutral” rating and $74 target share price in a report from an October 26. Piper Jaffray maintained HPY stock in a recent report from November 2 with “Overweight” rating. Wood downgraded the rating on October 6. Wood has a “Market Perform” rating and a $70 price target on shares. Finally, Raymond James downgraded the stock to “Mkt Perform” rating in a report issued on a November 2.
Approximately 4.29M shares of stock traded hands or 922.14% up from the average. Heartland Payment Systems, Inc. (NYSE:HPY) has risen 62.19% since May 13, 2015 and is uptrending. It has outperformed by 64.81% the S&P500.
The overall sentiment of institutions has increased to 1.21 in Q2 2015. Its up 0.20, from 1.01 in 2015Q2. The ratio improved, as 14 institutions have sold all the shares of Heartland Payment Systems, Inc. that they owned while 64 funds have taken shares off the table. 30 funds have purchased shares for the first time while 64 added to their positions. These institutions now hold 46.94 million shares or 22.79% more than the 38.22 million shares they owned in 2015Q2.
The Fund Copper Rock Capital Partners Llc currently is holding shares equating to 2.18% of its total portfolio in Heartland Payment Systems, Inc. representing a total of 409,568 shares. Another fund,Apex Capital Management, is holding a total of 1.33 million shares equating to 1.9% of their holdings. Additionally, Copeland Capital Management Llc has a 356,886 share stake in Heartland Payment Systems, Inc. which represents 1.38% of their total portfolio. The Fund, Hood River Capital Management Llc, based out of Oregon, has also built up a stake in the stock, which represents a total of 1.17% of their total portfolio. Finally Arbor Capital Management Llc, a fund which is based in the state of Minnesota reported a total holdings of 83,172 shares.
Heartland Payment Systems, Inc. provides card payment processing services to merchants throughout the United States. The company has a market cap of $3.11 billion. The Firm has the following reportable divisions: Payment Processing, Campus Solutions, Heartland School Solutions, Heartland Payroll Solutions and Other. It has 83.61 P/E ratio. The Payment Processing segment provides card payment processing and related services.
According to Zacks Investment Research, “Heartland Payment Systems, Inc. provides bank card-based payment processing services to small- and medium- sized merchants in the United States. Heartland facilitates the exchange of information and funds between merchants and cardholders’ financial institutions, providing end-to- end electronic payment processing services to merchants, including merchant setup and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support and risk management.”