Wedbush Begins Coverage on Shift4 Payments (NYSE:FOUR)

Wedbush assumed coverage on shares of Shift4 Payments (NYSE:FOUR) in a report issued on Friday, MarketBeat Ratings reports. The firm issued a neutral rating and a $75.00 price target on the stock.

Several other equities research analysts have also commented on FOUR. Evercore ISI cut their price target on shares of Shift4 Payments from $110.00 to $105.00 and set an outperform rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada reissued an outperform rating and issued a $94.00 target price on shares of Shift4 Payments in a research report on Wednesday, April 3rd. Mizuho dropped their price target on Shift4 Payments from $85.00 to $75.00 and set a buy rating on the stock in a research note on Monday, May 13th. Morgan Stanley reduced their price objective on Shift4 Payments from $70.00 to $66.00 and set an equal weight rating for the company in a research note on Friday, May 10th. Finally, Benchmark restated a buy rating and set a $99.00 target price on shares of Shift4 Payments in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of Moderate Buy and an average target price of $83.33.

Shift4 Payments Trading Up 6.6 %

NYSE:FOUR opened at $68.29 on Friday. Shift4 Payments has a 1 year low of $42.91 and a 1 year high of $92.30. The stock has a market cap of $5.98 billion, a P/E ratio of 45.83, a P/E/G ratio of 0.88 and a beta of 1.59. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a 50-day simple moving average of $64.92 and a 200-day simple moving average of $69.94.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. As a group, analysts anticipate that Shift4 Payments will post 3 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, CEO Jared Isaacman purchased 39,135 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $64.04 per share, for a total transaction of $2,506,205.40. Following the completion of the purchase, the chief executive officer now directly owns 621,962 shares in the company, valued at $39,830,446.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Shift4 Payments news, CEO Jared Isaacman bought 39,135 shares of Shift4 Payments stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of $64.04 per share, with a total value of $2,506,205.40. Following the completion of the acquisition, the chief executive officer now owns 621,962 shares in the company, valued at $39,830,446.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the sale, the chief financial officer now owns 274,954 shares in the company, valued at $19,890,172.36. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FOUR. C M Bidwell & Associates Ltd. acquired a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $35,000. J.Safra Asset Management Corp boosted its position in shares of Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after buying an additional 347 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in Shift4 Payments in the 3rd quarter valued at about $79,000. Covestor Ltd increased its holdings in Shift4 Payments by 49,166.7% during the 3rd quarter. Covestor Ltd now owns 1,478 shares of the company’s stock valued at $82,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Shift4 Payments during the fourth quarter worth about $90,000. 98.87% of the stock is currently 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.