Longfellow Investment Management Co adds Heartland Payment Systems (HPY) to its portfolio

Heartland Payment Systems (HPY) : Longfellow Investment Management Co added new position in Heartland Payment Systems during the most recent quarter end. The investment management firm now holds 130,000 shares of Heartland Payment Systems which is valued at $13,496,600 , the company said in a statement filed on Apr 14, 2016 with the SEC.Heartland Payment Systems makes up approximately 6.85% of Longfellow Investment Management Co’s portfolio.

Heartland Payment Systems opened for trading at $103.84 and hit $104.795 on the upside on Monday, eventually ending the session at $104.63, with a gain of 0.78% or 0.81 points. The heightened volatility saw the trading volume jump to 3,08,496 shares. Company has a market cap of $3,871 M.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in HPY during the most recent quarter. The investment firm sold 138 shares of HPY which is valued $14,327. 1st Global Advisors sold out all of its stake in HPY during the most recent quarter. The investment firm sold 3,282 shares of HPY which is valued $340,737.Capstone Asset Management Co reduced its stake in HPY by selling 550 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 11,990 shares of HPY which is valued at $1,244,802. Heartland Payment Systems makes up approx 0.04% of Capstone Asset Management Co’s portfolio. Creative Planning sold out all of its stake in HPY during the most recent quarter. The investment firm sold 35 shares of HPY which is valued $3,547. Copper Rock Capital Partners sold out all of its stake in HPY during the most recent quarter. The investment firm sold 408,097 shares of HPY which is valued $41,356,550.

On the company’s financial health, Heartland Payment Systems reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.75. The company had revenue of $214.10 million for the quarter, compared to analysts expectations of $207.50 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Heartland Payment Systems Inc. provides card payment processing services to merchants throughout the United States. The Company has the following reportable segments: Payment Processing Campus Solutions Heartland School Solutions Heartland Payroll Solutions and Other. The Payment Processing segment provides card payment processing and related services. The Campus Solutions segment provides payment processing integrated commerce solutions higher education loan services and open- and closed-loop payment solutions. The Heartland School Solutions segment provides school nutrition and point-of-sale (POS) solutions and associated payment solutions to K-12 schools. The Heartland Payroll Solutions segment provides payroll processing and related tax filing services. The Other segment consists of prepaid and stored-value card solutions loyalty and gift card marketing solutions and POS solutions and other adjacent business service applications.

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