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Heartland Payment (HPY) Crumbles: Stock Tanks by 10.4% - Tale of the Tape

Heartland Payment Systems, Inc. ( HPY ) saw a big move last session, as the company's shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $49.77 to $55.14 in the past one-month time frame.

On Feb 13, the company announced its fourth-quarter 2014 and full year 2014 results. Dismal fourth-quarter results led to this fall in share price.

Heartland Payment has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

HPY currently has a Zacks Rank #3 (Hold).

Investors interested in the financial transaction services industry may consider better-ranked stock like Global Payments Inc. ( GPN ), which carries a Zacks Rank #2 (Buy).

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HEARTLAND PAYMT (HPY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.