Ken Fisher Sells Out Holding in Heartland Payment Systems
- By Kyle Ferguson
Guru Ken Fisher (Trades, Portfolio) sold out his stake in Heartland Payment Systems (HPY) in the first quarter.
Warning! GuruFocus has detected 7 Warning Sign with HPY. Click here to check it out.
The intrinsic value of HPY
Heartland Payment Systems was incorporated in —……… in the state of Delaware. The company provides Card Payment Processing services to merchants in the U.S. and provides end-to-end electronic payment processing services to merchants. The company primarily focuses their business on secure payments for the restaurant, lodging and hospitality, education, and Petroleum/C store industries. As of December —…–5, Heartland Payment Systems employs 4,—7— full time employees across the U.S.
Heartland Payment Systems has a market cap of $‘.8– billion, a P/E ratio of 45.4–, an enterprise value of $4.—4 billion, a P/B ratio of ––.‘4 and a dividend yield of ….‘9.
Heartland Payment Systems has a few medium warning signs according to GuruFocus. The company dividend yield is close to a three-year low at ….‘9. During the previous –‘ years, the company dividend yield was the highest at 7.‘—% and the lowest was ….…9%. Heartland Payment Systems price is close to a –…-year high, which may have influenced Ken Fisher (Trades, Portfolio)'s decision to sell out of the company. The company has also been issuing new debt. In the past three years, the company has issued $‘—‘.‘69 million of debt.
Below is a Peter Lynch Chart for Heartland Payment Systems.
It is possible that Fisher� sold out his holdings in Heartland Payment Systems because he entered his position in the first quarter of —…–4, purchasing –,748,9—… shares of the company at an average price of $4‘.96. In the first quarter of —…–6, Fisher sold out his remaining –,——6,974 shares of Heartland Payment Systems at an average price of $9—.…9, which is a significant return for his investment in the company over the previous two years.
Cheers to your investment success.
Disclosure: Author does not own any shares of this stock.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 7 Warning Sign with HPY. Click here to check it out.
The intrinsic value of HPY
