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Heartland Payment Systems
(NYSE: HPY)
USA
Heartland Payment Systems is cashing in on America's passion for plastic. On behalf of 100,000-plus U.S. merchants, the company expects to process $40 billion in credit- and debit-card transactions this year. Heartland also offers payroll services, zapping funds from employer to employees, for its mostly retail, hotel, and restaurant customer base. It has a combination that has delivered steady growth for the Princeton (N.J.) company since 1997, when it was started with a $1-million investment. On the heels of its initial public offering in August, 2005, Heartland's revenues swelled by 38%, to $902 million, for the year through March. Profits hit $20.8 million in the period, with a return on equity of 21.1%. The secret to Heartland's hard-charging growth, contends founder and CEO Bob Carr, is its commission-only, direct sales force.
Company Info |
|
| 2005 Rank | Not Ranked |
| Sales* ($ Millions) | 901.5 |
| Sales Growth (over prev. year) |
38 % |
| Profits* ($ Millions) | 20.8 |
| Return on Equity | 21.1 % |
| Total Return on Sales (12-mo.) | 47.7 |
| Share Price As of 5/31/06 | 26.58 |
| CURRENT MARKET INFO | NYSE: HPY |
| No. of Employees | 1,616 |
| Industry | Services |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Heartland Payment Systems provides bank card payment processing services to merchants in the U.S. This involves facilitating the exchange of information and funds between merchants and cardholders' financial institutions; and providing end-to-end electronic payment processing services to merchants, including merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support, and risk management. The company also provides services to merchants, such as payroll processing, gift and loyalty programs, and paper check authorization, as well as sale and rental of point-of-sale devices and supplies. Its customers include restaurants, brick and mortar retailers, lodging establishments, automotive repair shops, convenience and liquor stores, and professional service providers. Heartland Payment Systems was founded in 1997 and is headquartered in Princeton, NJ.
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