Shift4 Payments’ (FOUR) Overweight Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Shift4 Payments (NYSE:FOUR) in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a $125.00 target price on the stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley increased their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. B. Riley increased their target price on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their target price for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Wells Fargo & Company increased their target price on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Susquehanna upped their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Trading Down 4.0 %

Shift4 Payments stock opened at $94.95 on Wednesday. The stock has a market cap of $8.55 billion, a P/E ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The firm’s fifty day moving average price is $110.73 and its 200-day moving average price is $97.66. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. Equities research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 over the last ninety days. 30.57% of the stock is owned by insiders.

Institutional Trading of Shift4 Payments

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the last quarter. Darlington Partners Capital Management LP lifted its holdings in shares of Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after purchasing an additional 367,500 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

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.