Shift4 Payments, Inc. (OTCMKTS:FOUR) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $49.90.
Several brokerages recently commented on FOUR. Credit Suisse Group boosted their price target on shares of Shift4 Payments from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Royal Bank of Canada increased their price target on shares of Shift4 Payments from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Compass Point upgraded shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $55.00 price target on the stock in a research note on Wednesday, October 14th. Citigroup raised Shift4 Payments from a “neutral” rating to a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Investment Research raised Shift4 Payments from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Tuesday, November 3rd.
In related news, major shareholder Searchlight Capital Partners I sold 1,473,070 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $46.68, for a total transaction of $68,762,907.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A number of institutional investors have recently added to or reduced their stakes in FOUR. Steward Partners Investment Advisory LLC acquired a new stake in Shift4 Payments in the third quarter valued at $67,000. Cubist Systematic Strategies LLC lifted its holdings in Shift4 Payments by 623.2% in the third quarter. Cubist Systematic Strategies LLC now owns 3,710 shares of the company’s stock valued at $179,000 after acquiring an additional 3,197 shares during the period. LPL Financial LLC acquired a new stake in Shift4 Payments in the third quarter valued at $201,000. Raymond James & Associates acquired a new stake in Shift4 Payments in the third quarter valued at $254,000. Finally, SG Americas Securities LLC purchased a new position in shares of Shift4 Payments in the third quarter valued at $387,000.
Shares of OTCMKTS:FOUR opened at $61.61 on Friday. Shift4 Payments has a fifty-two week low of $30.00 and a fifty-two week high of $65.40. The stock’s fifty day moving average is $56.89.
Shift4 Payments (OTCMKTS:FOUR) last released its earnings results on Thursday, November 5th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.13). The company had revenue of $214.80 million for the quarter, compared to the consensus estimate of $213.72 million. The firm’s revenue was up 10.8% compared to the same quarter last year.
About Shift4 Payments
Shift4 Payments, Inc 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.
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