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

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $100.15.

Several brokerages recently commented on FOUR. DA Davidson upped their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley upped their price target on shares of Shift4 Payments from $104.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Oppenheimer assumed coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were 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 directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its stake in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Jennison Associates LLC lifted its stake in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after acquiring an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Stock Down 1.8 %

Shares of NYSE FOUR opened at $96.97 on Friday. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $106.31. The company has a market capitalization of $8.59 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34. The firm’s 50-day moving average is $90.32 and its two-hundred day moving average is $77.37.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $365.10 million for the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. Equities analysts anticipate that Shift4 Payments will post 3.04 EPS for the current fiscal year.

About Shift4 Payments

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.