Shift4 Payments’ (FOUR) “Buy” Rating Reaffirmed at Mizuho

Mizuho reiterated their buy rating on shares of Shift4 Payments (NYSE:FOURFree Report) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $85.00 price objective on the stock.

A number of other equities analysts have also commented on FOUR. Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $60.00 to $85.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Morgan Stanley upped their target price on shares of Shift4 Payments from $60.00 to $70.00 and gave the company an equal weight rating in a research note on Wednesday, February 28th. Evercore ISI cut their target price 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. Benchmark restated a buy rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 19th. Finally, Raymond James upped their target price on shares of Shift4 Payments from $75.00 to $88.00 and gave the company an outperform rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $85.00.

Read Our Latest Stock Report on FOUR

Shift4 Payments Stock Performance

NYSE:FOUR opened at $65.62 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 46.21, a PEG ratio of 0.49 and a beta of 1.61. The firm’s fifty day simple moving average is $75.98 and its 200 day simple moving average is $66.33. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $92.30.

Shift4 Payments (NYSE:FOURGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The firm had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. As a group, equities research analysts expect that Shift4 Payments will post 2.86 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares of the company’s stock, valued at $19,546,982. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 32.14% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in FOUR. Crossmark Global Holdings Inc. lifted its position in shares of Shift4 Payments by 2.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,189 shares of the company’s stock valued at $460,000 after acquiring an additional 164 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in Shift4 Payments by 3.1% in the 4th quarter. United Capital Financial Advisers LLC now owns 5,966 shares of the company’s stock valued at $334,000 after buying an additional 177 shares during the period. BOKF NA increased its stake in Shift4 Payments by 0.7% in the 4th quarter. BOKF NA now owns 28,211 shares of the company’s stock valued at $2,097,000 after buying an additional 200 shares during the period. Orion Portfolio Solutions LLC increased its stake in Shift4 Payments by 6.3% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 3,670 shares of the company’s stock valued at $249,000 after buying an additional 218 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Shift4 Payments by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,726 shares of the company’s stock valued at $372,000 after buying an additional 233 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

About Shift4 Payments

(Get Free Report)

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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Analyst Recommendations for Shift4 Payments (NYSE:FOUR)

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