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

Shift4 Payments, Inc. (NYSE:FOUR) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $115.35.

FOUR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a research report on Monday, March 31st. Truist Financial initiated coverage on shares of Shift4 Payments in a research report on Monday, June 2nd. They set a “hold” rating and a $97.00 price target on the stock. Susquehanna raised their price target on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, April 30th. Piper Sandler dropped their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Benchmark raised shares of Shift4 Payments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 30th.

Shift4 Payments Stock Up 3.4%

Shift4 Payments stock opened at $101.89 on Friday. Shift4 Payments has a 1-year low of $57.45 and a 1-year high of $127.50. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.80. The firm’s fifty day moving average price is $91.08 and its two-hundred day moving average price is $95.78. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period last year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $260,619.21. Following the completion of the transaction, the director owned 6,592 shares in the company, valued at $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director directly owned 7,474 shares of the company’s stock, valued at approximately $706,517.22. This represents a 11.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock worth $1,258,449 over the last quarter. Corporate insiders own 25.15% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of Shift4 Payments by 192.5% in the 4th quarter. IFP Advisors Inc now owns 2,325 shares of the company’s stock worth $247,000 after buying an additional 1,530 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Shift4 Payments by 716.0% in the 4th quarter. Amalgamated Bank now owns 33,139 shares of the company’s stock worth $3,439,000 after buying an additional 29,078 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Shift4 Payments in the 4th quarter worth $1,453,000. Oppenheimer & Co. Inc. increased its holdings in shares of Shift4 Payments by 7.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 40,271 shares of the company’s stock worth $4,179,000 after buying an additional 2,691 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Shift4 Payments in the 4th quarter worth $37,000. Hedge funds and other institutional investors 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.