Shift4 Payments (NYSE:FOUR) Reaches New 1-Year High Following Earnings Beat

Shift4 Payments, Inc. (NYSE:FOUR) shares reached a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $125.52 and last traded at $122.98, with a volume of 312349 shares traded. The stock had previously closed at $121.28.

The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. DA Davidson raised their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna boosted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Piper Sandler raised their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price target for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.24.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 in the last 90 days. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments during the third quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in Shift4 Payments during the 4th quarter valued at about $26,000. Transcendent Capital Group LLC bought a new position in Shift4 Payments during the 3rd quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its holdings in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after buying an additional 157 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 3.9 %

The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The stock has a market capitalization of $11.36 billion, a PE ratio of 68.50, a PEG ratio of 1.26 and a beta of 1.72. The company has a 50 day moving average price of $110.87 and a 200-day moving average price of $97.38.

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.