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

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been given an average recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $92.25.

FOUR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut Shift4 Payments from a “buy” rating to a “hold” rating and lowered their price target for the company from $100.00 to $65.00 in a research report on Thursday, January 15th. Wells Fargo & Company reduced their target price on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Truist Financial set a $71.00 target price on shares of Shift4 Payments in a report on Tuesday, January 20th. DA Davidson set a $104.00 target price on shares of Shift4 Payments in a research report on Thursday, December 18th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $90.00 price target on shares of Shift4 Payments in a research report on Thursday, November 6th.

Insider Activity

In other news, CEO David Taylor Lauber sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the transaction, the chief executive officer directly owned 273,588 shares of the company’s stock, valued at $18,877,572. The trade was a 4.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Whalen sold 1,438 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the sale, the insider owned 54,736 shares in the company, valued at approximately $3,913,624. This trade represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,438 shares of company stock worth $1,278,317. Insiders own 25.15% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of 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 last quarter. Advisors Asset Management Inc. boosted its stake in shares of Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Shift4 Payments by 148.1% during the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $41,000 after purchasing an additional 314 shares during the last quarter. Vestcor Inc acquired a new position in shares of Shift4 Payments in the third quarter valued at approximately $45,000. Finally, Johnson Financial Group Inc. raised its holdings in Shift4 Payments by 282.2% in the 3rd quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after buying an additional 477 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Up 2.4%

Shares of FOUR opened at $59.45 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. The company has a 50-day moving average price of $64.64 and a two-hundred day moving average price of $75.64. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 0.51 and a beta of 1.63. Shift4 Payments has a 12 month low of $52.65 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The company’s quarterly revenue was up 61.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. Equities analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.