Shift4 Payments (NYSE:FOUR – Get Rating) posted its quarterly earnings data on Thursday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07, MarketWatch Earnings reports. Shift4 Payments had a negative return on equity of 1.44% and a negative net margin of 3.52%. The firm had revenue of $401.90 million for the quarter, compared to analysts’ expectations of $383.60 million. During the same period in the previous year, the firm earned ($0.43) EPS. The business’s quarterly revenue was up 67.9% on a year-over-year basis.
Shares of NYSE FOUR traded down $1.36 during trading hours on Friday, hitting $44.09. 1,715,913 shares of the company traded hands, compared to its average volume of 1,003,233. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -102.53 and a beta of 1.86. The company has a current ratio of 7.91, a quick ratio of 7.89 and a debt-to-equity ratio of 4.35. The company’s 50 day moving average price is $55.36 and its 200 day moving average price is $55.85. Shift4 Payments has a 12 month low of $38.88 and a 12 month high of $103.37.
A number of research firms have recently weighed in on FOUR. Susquehanna began coverage on Shift4 Payments in a research report on Monday, April 4th. They set a “positive” rating and a $97.00 price objective on the stock. Susquehanna Bancshares started coverage on Shift4 Payments in a research note on Monday, April 4th. They set a “positive” rating and a $97.00 target price on the stock. Moffett Nathanson started coverage on Shift4 Payments in a research note on Tuesday, April 5th. They set a “neutral” rating and a $70.00 target price on the stock. Sumitomo Mitsui Financial Group started coverage on Shift4 Payments in a research note on Thursday, January 27th. They set a “neutral” rating and a $60.00 target price on the stock. Finally, Zacks Investment Research downgraded Shift4 Payments from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.67.
Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in Shift4 Payments by 2.5% during the 4th quarter. State Street Corp now owns 671,593 shares of the company’s stock valued at $38,905,000 after acquiring an additional 16,223 shares during the period. Morgan Stanley boosted its holdings in Shift4 Payments by 63.8% during the 2nd quarter. Morgan Stanley now owns 136,191 shares of the company’s stock valued at $12,763,000 after acquiring an additional 53,058 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Shift4 Payments by 206.0% during the 4th quarter. Parametric Portfolio Associates LLC now owns 102,226 shares of the company’s stock valued at $5,922,000 after acquiring an additional 68,815 shares during the period. Legal & General Group Plc boosted its holdings in Shift4 Payments by 2.5% during the 4th quarter. Legal & General Group Plc now owns 36,697 shares of the company’s stock valued at $2,126,000 after acquiring an additional 895 shares during the period. Finally, Norges Bank purchased a new stake in shares of Shift4 Payments in the 4th quarter worth $1,974,000. Institutional investors own 72.81% of the company’s stock.
About Shift4 Payments (Get Rating)
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.
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