Shift4 Payments, Inc. (NYSE:FOUR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shift4 Payments, Inc. (NYSE:FOUR) has been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $84.95.

FOUR has been the subject of several recent research reports. Mizuho reaffirmed a “buy” rating and set a $85.00 price objective on shares of Shift4 Payments in a research report on Wednesday, March 27th. Wells Fargo & Company upped their price target on Shift4 Payments from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. DA Davidson reiterated a “buy” rating and issued a $96.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Redburn Atlantic raised shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Friday, April 19th. Finally, Keefe, Bruyette & Woods initiated coverage on Shift4 Payments in a research note on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective on the stock.

Shift4 Payments Trading Up 1.1 %

FOUR opened at $59.75 on Tuesday. The firm’s fifty day moving average is $70.76 and its two-hundred day moving average is $67.88. The firm has a market cap of $5.15 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $92.30. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $269.30 million during the quarter, compared to the consensus estimate of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. Equities research analysts anticipate that Shift4 Payments will post 2.84 EPS for the current year.

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the transaction, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Peregrine Capital Management LLC boosted its position in Shift4 Payments by 52.4% in the first quarter. Peregrine Capital Management LLC now owns 123,794 shares of the company’s stock valued at $8,179,000 after buying an additional 42,551 shares in the last quarter. HMS Capital Management LLC lifted its stake in shares of Shift4 Payments by 5.4% in the 1st quarter. HMS Capital Management LLC now owns 3,410 shares of the company’s stock valued at $225,000 after acquiring an additional 175 shares during the last quarter. Avitas Wealth Management LLC acquired a new stake in shares of Shift4 Payments during the 1st quarter valued at $671,000. Raymond James Financial Services Advisors Inc. grew its position in Shift4 Payments by 572.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 31,857 shares of the company’s stock worth $2,105,000 after acquiring an additional 27,122 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in Shift4 Payments by 34.3% in the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after purchasing an additional 881,216 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

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.