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Heartland Payment Systems (HPY) Jumps: Stock Up 8.5%

Zacks Equity Research

Heartland Payment Systems, Inc. (HPY) was a big mover last session, as its shares rose nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $37.49 to $40.86 in the past one-month timeframe.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Heartland Payment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked stocks in the financial transaction services industry include Global Payments Inc. (GPN), Green Dot Corporation (GDOT) and Xoom Corporation (XOOM). While Xoom Corp. sports a Zacks Rank #1 (Buy), Green Dot Corp. and Global Payments carry a Zacks Rank #2 (Buy).

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