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

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $84.95.

FOUR has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. DA Davidson reiterated a “buy” rating and issued a $96.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Benchmark restated a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a report on Tuesday, March 19th. UBS Group increased their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley upped their price objective on shares of Shift4 Payments from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 28th.

Insider Activity

In related news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 32.14% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Shift4 Payments by 14.8% during the third quarter. SG Americas Securities LLC now owns 16,355 shares of the company’s stock worth $906,000 after buying an additional 2,105 shares during the period. Xponance Inc. raised its position in Shift4 Payments by 4.2% in the third quarter. Xponance Inc. now owns 7,904 shares of the company’s stock worth $438,000 after acquiring an additional 322 shares in the last quarter. Bailard Inc. boosted its position in shares of Shift4 Payments by 20.4% during the 3rd quarter. Bailard Inc. now owns 74,482 shares of the company’s stock worth $4,124,000 after purchasing an additional 12,640 shares in the last quarter. Strs Ohio boosted its position in shares of Shift4 Payments by 22.6% during the 3rd quarter. Strs Ohio now owns 12,703 shares of the company’s stock worth $703,000 after purchasing an additional 2,338 shares in the last quarter. Finally, Deepwater Asset Management LLC increased its holdings in shares of Shift4 Payments by 190.8% in the 3rd quarter. Deepwater Asset Management LLC now owns 194,061 shares of the company’s stock valued at $10,745,000 after purchasing an additional 127,329 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $60.03 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The business’s 50 day simple moving average is $69.48 and its 200 day simple moving average is $68.07. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 0.94 and a beta of 1.59.

Shift4 Payments (NYSE:FOUR) last announced 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 net margin of 3.36% and a return on equity of 27.35%. The firm had revenue of $269.30 million during the quarter, compared to the consensus estimate of $278.85 million. Sell-side analysts forecast that Shift4 Payments will post 2.84 EPS for the current year.

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.