Shift4 Payments (NYSE:FOUR) Cut to Hold (C+) at Weiss Ratings

Weiss Ratings cut shares of Shift4 Payments (NYSE:FOUR) from a buy (b-) rating to a hold (c+) rating in a report released on Saturday morning,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the company. Mizuho reduced their price target on Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their target price on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. DA Davidson set a $124.00 target price on shares of Shift4 Payments in a report on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. Finally, Piper Sandler dropped their price objective on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $76.68 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments has a 52-week low of $68.09 and a 52-week high of $127.50. The firm has a market cap of $6.78 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. The company’s 50 day moving average is $83.00 and its two-hundred day moving average is $88.91.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The company had revenue of $413.40 million for the quarter, compared to analysts’ expectations of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The firm’s revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. On average, research analysts expect that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 794 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the completion of the sale, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FOUR. SRH Advisors LLC purchased a new stake in shares of Shift4 Payments in the first quarter valued at about $26,000. Banque Transatlantique SA purchased a new position in shares of Shift4 Payments during the first quarter worth about $27,000. Allworth Financial LP increased its position in Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 226 shares during the period. Harbour Investments Inc. purchased a new stake in Shift4 Payments during the 1st quarter valued at approximately $32,000. Finally, Valley National Advisers Inc. raised its stake in Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.