Mizuho Reaffirms “Buy” Rating for Shift4 Payments (NYSE:FOUR)

Mizuho reaffirmed their buy rating on shares of Shift4 Payments (NYSE:FOUR) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $85.00 price target on the stock.

A number of other equities research analysts have also issued reports on FOUR. Redburn Atlantic started coverage on shares of Shift4 Payments in a research note on Wednesday, December 6th. They set a sell rating and a $49.00 target price for the company. Evercore ISI decreased their target price on shares of Shift4 Payments from $110.00 to $105.00 and set an outperform rating for the company in a research note on Wednesday, February 28th. Benchmark restated a buy rating and set a $99.00 price target on shares of Shift4 Payments in a report on Tuesday, March 19th. UBS Group raised their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a buy rating in a report on Wednesday, February 28th. Finally, Raymond James raised their price target on shares of Shift4 Payments from $75.00 to $88.00 and gave the company an outperform rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $85.00.

Shift4 Payments Trading Up 0.7 %

Shares of FOUR opened at $66.07 on Wednesday. The company has a market capitalization of $5.69 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.61. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. The stock has a fifty day moving average of $75.66 and a two-hundred day moving average of $66.40. 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 issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The company had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. As a group, analysts forecast that Shift4 Payments will post 2.86 EPS for the current year.

Insider Activity

In other news, insider David Taylor Lauber sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the transaction, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 32.14% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in Shift4 Payments by 26.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,563 shares of the company’s stock worth $903,000 after acquiring an additional 3,090 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Shift4 Payments during the 1st quarter worth approximately $172,000. Great West Life Assurance Co. Can grew its holdings in Shift4 Payments by 21.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock worth $153,000 after acquiring an additional 405 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Shift4 Payments by 61.2% during the 1st quarter. Allianz Asset Management GmbH now owns 222,080 shares of the company’s stock worth $13,753,000 after acquiring an additional 84,283 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Shift4 Payments by 338.1% during the 1st quarter. Baird Financial Group Inc. now owns 31,524 shares of the company’s stock worth $1,952,000 after acquiring an additional 24,329 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

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.