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

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $85.44.

FOUR has been the subject of a number of analyst reports. Wedbush assumed coverage on Shift4 Payments in a research report on Friday, May 24th. They issued a “neutral” rating and a $75.00 price target for the company. Mizuho lowered their target price on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating for the company in a report on Monday, May 13th. DA Davidson increased their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group upped their target price on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Benchmark reissued a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research note on Wednesday, July 17th.

Shift4 Payments Price Performance

NYSE:FOUR opened at $72.96 on Thursday. The business’s 50-day moving average is $70.05 and its 200 day moving average is $70.05. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $6.39 billion, a P/E ratio of 48.97, a P/E/G ratio of 0.82 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. The company had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. On average, equities research analysts forecast that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now directly owns 9,474 shares of the company’s stock, valued at $682,696.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $72.34, for a total value of $723,400.00. Following the completion of the sale, the chief financial officer now directly owns 274,954 shares in the company, valued at approximately $19,890,172.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now owns 9,474 shares in the company, valued at approximately $682,696.44. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds have recently made changes to their positions in FOUR. J.Safra Asset Management Corp grew its stake in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares during the last quarter. CWM LLC boosted its position in Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Shift4 Payments in the 4th quarter worth approximately $90,000. Clear Street Markets LLC purchased a new position in Shift4 Payments during the 4th quarter worth approximately $112,000. Finally, International Assets Investment Management LLC acquired a new stake in Shift4 Payments during the 2nd quarter valued at approximately $114,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.