Shift4 Payments, Inc. (NYSE:FOUR) Receives $112.38 Consensus Target Price from Brokerages

Shift4 Payments, Inc. (NYSE:FOUR) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $114.25.

Several research analysts have recently issued reports on FOUR shares. DA Davidson reduced their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Benchmark upgraded Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 30th. UBS Group reduced their price target on Shift4 Payments from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley reduced their price target on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods reduced their price target on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, March 31st.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $91.82 on Friday. 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 company has a market cap of $8.14 billion, a PE ratio of 29.91, a P/E/G ratio of 1.04 and a beta of 1.80. The business has a 50-day simple moving average of $82.84 and a two-hundred day simple moving average of $97.85. Shift4 Payments has a fifty-two week low of $57.45 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $368.50 million during the quarter, compared to analysts’ expectations of $886.09 million. During the same period last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities analysts expect that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock worth $1,097,380 over the last three months. 25.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently made changes to their positions in the company. Orion Capital Management LLC boosted its stake in shares of Shift4 Payments by 2.6% in the first quarter. Orion Capital Management LLC now owns 7,945 shares of the company’s stock worth $649,000 after acquiring an additional 200 shares during the last quarter. Thematics Asset Management boosted its stake in shares of Shift4 Payments by 2.8% in the first quarter. Thematics Asset Management now owns 209,713 shares of the company’s stock worth $17,136,000 after acquiring an additional 5,713 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Shift4 Payments by 396.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,108 shares of the company’s stock worth $91,000 after acquiring an additional 885 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Shift4 Payments by 13.0% in the first quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company’s stock worth $102,420,000 after acquiring an additional 144,111 shares during the last quarter. Finally, MIG Capital LLC acquired a new stake in shares of Shift4 Payments in the first quarter worth approximately $501,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.