Last $55.53 USD
Change Today +0.44 / 0.80%
Volume 77.6K
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

heartland payment systems in (HPY) Snapshot

Open
$55.40
Previous Close
$55.09
Day High
$55.70
Day Low
$55.07
52 Week High
12/4/14 - $56.28
52 Week Low
04/11/14 - $37.25
Market Cap
2.0B
Average Volume 10 Days
178.2K
EPS TTM
$1.82
Shares Outstanding
36.2M
EX-Date
11/20/14
P/E TM
30.4x
Dividend
$0.34
Dividend Yield
0.61%
Current Stock Chart for HEARTLAND PAYMENT SYSTEMS IN (HPY)

heartland payment systems in (HPY) Related Businessweek News

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heartland payment systems in (HPY) Details

Heartland Payment Systems, Inc. provides card payment processing services in the United States. It offers end-to-end electronic payment processing services to merchants by facilitating the exchange of information and funds between them and cardholders financial institutions; and undertakes merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support, and risk management services. The company also develops, manufactures, sells, services, and maintains computer software to facilitate accounting and management functions of food service operations of K to 12 schools. In addition, it provides payroll processing services comprising check printing, direct deposit, and related federal, state, and local tax deposits; and accounting documentation, and human resources information. Further, the company offers a suite of solutions to support administrative services for higher education, including student loan payment processing, delinquency and default services, refund management, tuition payment plans, electronic billing and payment, tax document services, and business outsourcing services, as well as open- and closed-loop payment solutions to colleges and universities. Additionally, it provides prepaid card comprises stored-value card solutions services; loyalty and gift cards solutions; and point-of-sale solutions, as well as sells and rents point-of-sale devices. The company markets its card payment processing services directly to small and mid-sized merchants and network services merchants. Heartland Payment Systems, Inc. was incorporated in 2000 and is based in Princeton, New Jersey.

3,184 Employees
Last Reported Date: 02/28/14
Founded in 2000

heartland payment systems in (HPY) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $772.9K
President of Hospitality Group
Total Annual Compensation: $565.0K
President of Strategic Markets Group
Total Annual Compensation: $418.2K
Vice Chairman
Total Annual Compensation: $555.7K
Chief Legal Officer, General Counsel and Secr...
Total Annual Compensation: $512.6K
Compensation as of Fiscal Year 2013.

heartland payment systems in (HPY) Key Developments

Heartland Payment Seeks Acquisitions

Heartland Payment Systems, Inc. (NYSE:HPY) said, "Through complementary acquisitions and internal new product development, we are positioning Heartland to capitalize on the growth opportunities being created by the big trends in our industry - security, mobility and integrated solutions and to create value for our shareholders”.

Heartland Payment Systems Declares Quarterly Dividend, Payable on December 15, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Heartland Payment Systems announced that on October 28, 2014, the Board of Directors declared a quarterly dividend of $0.085 per common share payable on December 15, 2014 to shareholders of record on November 24, 2014. The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $600,626,000 against $557,129,000 a year ago. Income from operations was $30,411,000 against $34,872,000 a year ago. Income from continuing operations before income taxes was $31,883,000 against $33,748,000 a year ago. Net income from continuing operations was $20,156,000 or $0.56 per diluted share against $21,891,000 or $0.58 per diluted share a year ago. Net income attributable to the company was $20,458,000 or $0.56 per diluted share against $21,981,000 or $0.58 per diluted share a year ago. Non-GAAP income from operations was $37,306,000 against $39,739,000 a year ago. Non-GAAP net income from continuing operations was $24,817,000 or $0.68 per diluted share against $25,138,000 or $0.66 per diluted share a year ago. Cash flow remained strong in the third quarter with management's measure of operating cash flow totaling $36.8 million and free cash flow generated of $23.6 million. For the nine months, the company reported total revenues of $1,706,768,000 against $1,604,992,000 a year ago. Income from operations was $86,704,000 against $94,977,000 a year ago. Income from continuing operations before income taxes was $86,218,000 against $91,256,000 a year ago. Net income from continuing operations was $51,639,000 or $1.44 per diluted share against $57,217,000 or $1.50 per diluted share a year ago. Net income attributable to the company was $53,650,000 or $1.44 per diluted share against $61,221,000 or $1.60 per diluted share a year ago. Net cash provided by operating activities was $51,528,000 against $87,404,000 a year ago. Capital expenditures were $39,140,000 against $36,929,000 a year ago. Non-GAAP income from operations was $106,051,000 against $111,513,000 a year ago. Non-GAAP net income from continuing operations was $65,238,000 or $1.76 per diluted share against $67,631,000 or $1.77 per diluted share a year ago. The company provided earnings guidance for the full year of 2014. For full year 2014, the company expects net revenue to grow 11% to 12% to between approximately $665 million and $670 million, and adjusted EPS to be in the range of $2.33 to $2.37. Guidance assumes that after-tax share-based compensation and acquisition-related amortization expenses will reduce earnings per share by $0.46 for the year and an effective tax rate above 39%. Guidance for the year reflects a reduction of $0.19 per share for Leaf's operating losses, excluding the positive impact related to the one-time gain described above. Finally, the guidance includes the contribution from the acquisition of TouchNet in 2014, which, net of associated transaction costs, is expected to be slightly accretive on an adjusted basis. As mentioned previously, the company expects capital expenditures for the year to be in line with last year's level, which was approximately $50 million.

Heartland Payment Systems Files Motion to Dismiss Data Breach Litigation

More than five years after a massive 2008 data breach, Heartland Payment Systems once again asked a federal judge to dismiss a lawsuit filed by a group of credit unions and banks. In a motion filed Oct. 15 in U.S. District Court's Houston Division, Heartland's legal team argued that the negligence claims are barred by state laws in New Jersey, where Heartland is headquartered, and Texas, where the breach occurred. The Princeton, N.J.-based processing giant contended that Texas economic loss doctrine should apply to the case because the core of the negligence claim - accusations that the company's inadequate IT security measures permitted the breach - occurred at a Heartland data center in Texas. Plaintiff credit unions include the $155 million Matadors Community Credit Union of Chatsworth, Calif., the $2 billion GECU of El Paso, Texas, the $2 billion MidFlorida Credit Union of Lakeland, Fla., and the $4.2 billion Pennsylvania State Employees Credit Union of Harrisburg, Penn. U.S. District Judge Lee Rosenthal, who is currently presiding over the litigation in Southern Texas, dismissed most of the complaints filed by the financial institutions in late 2011. In that ruling, Judge Rosenthal ruled that the plaintiffs were not specifically protected in contracts between Heartland Payment Systems and its acquiring banks, Heartland Bank and KeyBank, and that the financial institutions were not covered in contracts between Heartland and the major card brands. The credit unions and banks appealed, targeting the negligence and responsibility for losses. A panel of the Fifth Circuit Court of Appeals in New Orleans ruled last fall that the credit unions and banks could state a claim for negligence because the economic loss doctrine did not apply, despite the fact that the card issuers lacked a written contract with Heartland. Litigation was then consolidated into one complaint to be heard by Rosenthal.

 

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HPY

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Valuation HPY Industry Range
Price/Earnings 28.8x
Price/Sales 0.9x
Price/Book 8.3x
Price/Cash Flow 20.9x
TEV/Sales 0.8x
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