Shift4 Payments (NYSE:FOUR) Research Coverage Started at Barclays

Equities research analysts at Barclays assumed coverage on shares of Shift4 Payments (NYSE:FOUR) in a note issued to investors on Wednesday, Briefing.com reports. The firm set an “overweight” rating and a $120.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 30.49% from the stock’s previous close.

FOUR has been the topic of a number of other research reports. DA Davidson lifted their target price on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley increased their target price on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Oppenheimer initiated coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Benchmark restated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. Finally, Wells Fargo & Company raised their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.89.

Shift4 Payments Stock Performance

NYSE FOUR opened at $91.96 on Wednesday. Shift4 Payments has a 52-week low of $42.91 and a 52-week high of $92.56. The company has a fifty day moving average of $79.97 and a 200-day moving average of $71.79. The company has a market capitalization of $8.05 billion, a P/E ratio of 61.72, a P/E/G ratio of 0.85 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The firm had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. As a group, equities research analysts predict that Shift4 Payments will post 3.13 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

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

Hedge Funds Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Street Markets LLC purchased a new position in Shift4 Payments in the fourth quarter worth about $112,000. Brevan Howard Capital Management LP grew its position in Shift4 Payments by 243.5% during the fourth quarter. Brevan Howard Capital Management LP now owns 22,728 shares of the company’s stock valued at $1,690,000 after buying an additional 16,112 shares during the period. Foxhaven Asset Management LP purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $38,879,000. PNC Financial Services Group Inc. increased its holdings in Shift4 Payments by 24.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,718 shares of the company’s stock valued at $1,540,000 after buying an additional 4,101 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in Shift4 Payments in the first quarter worth approximately $660,000. Institutional investors own 98.87% of the company’s stock.

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.