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

Shift4 Payments, Inc. (NYSE:FOUR) has earned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $88.20.

A number of equities research analysts have issued reports on FOUR shares. Morgan Stanley boosted their price target on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Benchmark reissued a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. DA Davidson boosted their price target on Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Friday, August 9th. The Goldman Sachs Group boosted their price target on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Stephens reissued an “overweight” rating and set a $90.00 price target on shares of Shift4 Payments in a research report on Friday, August 9th.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $88.39 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a fifty day moving average of $77.77 and a two-hundred day moving average of $71.13. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 59.32, a PEG ratio of 0.85 and a beta of 1.64. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $92.30.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. Shift4 Payments’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 earnings per share. On average, analysts anticipate that Shift4 Payments will post 3.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on 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 sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. lifted its position in shares of Shift4 Payments by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after acquiring an additional 119 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Shift4 Payments by 11.3% during the 2nd 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. Truist Financial Corp acquired a new stake in shares of Shift4 Payments during the 2nd quarter valued at $283,000. Senator Investment Group LP lifted its position in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares during the last quarter. Finally, Regal Investment Advisors LLC purchased a new stake in shares of Shift4 Payments in the second quarter valued at $1,236,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.