Shift4 Payments’ (FOUR) Outperform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Shift4 Payments (NYSE:FOUR) in a research note issued to investors on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $154.00 target price on the stock.

A number of other equities research analysts also recently commented on FOUR. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Susquehanna lifted their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. B. Riley raised their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays decreased their target price on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Morgan Stanley decreased their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $89.23 on Tuesday. The company has a market capitalization of $7.95 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a 50-day moving average price of $109.25 and a two-hundred day moving average price of $99.04.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, research analysts expect that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 30.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth $26,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments during the third quarter worth $27,000. Rakuten Securities Inc. lifted its position in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the fourth quarter worth $28,000. Finally, UMB Bank n.a. bought a new stake in shares of Shift4 Payments in the fourth quarter worth $29,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.