Shift4 Payments (NYSE:FOUR) Given “Outperform” Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Shift4 Payments (NYSE:FOUR) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $154.00 price objective on the stock.

Other analysts have also issued reports about the company. DA Davidson dropped their target price on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Keefe, Bruyette & Woods lifted their price target on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Barclays decreased their price target on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group lifted their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley decreased their price target on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.05.

Shift4 Payments Stock Down 2.9 %

Shares of NYSE FOUR opened at $93.41 on Tuesday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.04 and a beta of 1.72. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock’s 50-day simple moving average is $109.83 and its 200-day simple moving average is $99.15.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. As a group, equities analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FOUR. Wasatch Advisors LP increased its holdings in shares of 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 buying an additional 1,980,940 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after buying an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP bought a new position in shares of Shift4 Payments in the fourth quarter valued at $39,222,000. Darlington Partners Capital Management LP grew its position in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after purchasing an additional 367,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after purchasing an additional 350,703 shares during the period. 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.