Shift4 Payments, Inc. (NYSE:FOUR) Receives $68.43 Consensus Target Price from Analysts

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have earned an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $66.50.

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada decreased their target price on shares of Shift4 Payments from $73.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. BMO Capital Markets assumed coverage on shares of Shift4 Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $50.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Shift4 Payments in a research report on Thursday, June 11th. Zacks Research upgraded Shift4 Payments from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, DA Davidson lowered their price objective on Shift4 Payments from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $53.09 on Monday. Shift4 Payments has a 1-year low of $34.56 and a 1-year high of $92.79. The stock’s 50-day moving average is $46.48 and its 200 day moving average is $48.42. The company has a market cap of $4.21 billion, a P/E ratio of 63.20, a PEG ratio of 0.61 and a beta of 1.40. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.22 and a quick ratio of 1.22.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, May 7th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Shift4 Payments had a return on equity of 33.55% and a net margin of 2.63%.The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Research analysts predict that Shift4 Payments will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, major shareholder Jared Isaacman purchased 193,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $40.66 per share, for a total transaction of $7,847,380.00. Following the completion of the purchase, the insider owned 1,787,455 shares in the company, valued at $72,677,920.30. This represents a 12.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.54% of the company’s stock.

Institutional Trading of Shift4 Payments

Several large investors have recently bought and sold shares of FOUR. Fulton Bank N.A. acquired a new position in Shift4 Payments during the 2nd quarter valued at approximately $232,000. Versant Capital Management Inc acquired a new stake in shares of Shift4 Payments during the second quarter worth $34,000. Glenmede Trust Co. NA grew its holdings in shares of Shift4 Payments by 6.0% during the first quarter. Glenmede Trust Co. NA now owns 4,786 shares of the company’s stock valued at $209,000 after buying an additional 270 shares during the last quarter. Spyglass Capital Management LLC grew its holdings in shares of Shift4 Payments by 3.1% during the first quarter. Spyglass Capital Management LLC now owns 1,751,140 shares of the company’s stock valued at $76,577,000 after buying an additional 53,220 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Shift4 Payments by 23.4% in the 1st quarter. California State Teachers Retirement System now owns 70,191 shares of the company’s stock valued at $3,069,000 after acquiring an additional 13,316 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.