Shift4 Payments, Inc. (NYSE:FOUR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $95.11.

A number of equities research analysts have recently issued reports on the company. Stephens upped their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday. BTIG Research raised their target price on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a report on Monday, October 14th. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a report on Thursday, September 5th. Finally, Barclays began coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently made changes to their positions in FOUR. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $32,000. Allspring Global Investments Holdings LLC increased its holdings in Shift4 Payments by 245.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock valued at $14,294,000 after buying an additional 114,659 shares during the period. Bleakley Financial Group LLC bought a new stake in Shift4 Payments during the third quarter worth $889,000. Creative Planning acquired a new stake in Shift4 Payments in the third quarter valued at about $293,000. Finally, Stonekeep Investments LLC increased its position in Shift4 Payments by 10.0% during the 3rd quarter. Stonekeep Investments LLC now owns 3,633 shares of the company’s stock worth $322,000 after purchasing an additional 330 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $94.59 on Tuesday. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $96.96. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 63.48, a PEG ratio of 1.01 and a beta of 1.64. The company has a 50 day simple moving average of $85.03 and a two-hundred day simple moving average of $73.56.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The firm had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS. As a group, analysts predict that Shift4 Payments will post 3.11 earnings per share for the current year.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.