Shift4 Payments, Inc. (NYSE:FOUR) Receives Average Recommendation of “Moderate Buy” from Brokerages
Shift4 Payments, Inc. (NYSE:FOUR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $77.58.
Several research firms have recently issued reports on FOUR. Berenberg Bank began coverage on shares of Shift4 Payments in a report on Friday, October 6th. They set a “buy” rating and a $87.00 target price for the company. Credit Suisse Group lifted their target price on shares of Shift4 Payments from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Mizuho lowered their target price on shares of Shift4 Payments from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 20th. Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Finally, Truist Financial decreased their price objective on shares of Shift4 Payments from $87.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, October 17th.
View Our Latest Stock Analysis on FOUR
Shift4 Payments Stock Performance
Shift4 Payments stock opened at $67.50 on Friday. The stock’s 50 day simple moving average is $55.02 and its two-hundred day simple moving average is $59.98. The company has a debt-to-equity ratio of 3.23, a quick ratio of 3.31 and a current ratio of 3.32. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 0.58 and a beta of 1.32. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $76.40.
Shift4 Payments (NYSE:FOUR – Get Free Report) last released its earnings results on Wednesday, November 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.16. Shift4 Payments had a net margin of 4.24% and a return on equity of 26.36%. The firm had revenue of $243.00 million during the quarter, compared to analyst estimates of $250.21 million. As a group, analysts expect that Shift4 Payments will post 2.22 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $65.04, for a total transaction of $65,040.00. Following the completion of the sale, the director now owns 7,717 shares of the company’s stock, valued at approximately $501,913.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Nancy Disman sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $58.31, for a total transaction of $291,550.00. Following the completion of the sale, the chief financial officer now owns 296,170 shares of the company’s stock, valued at approximately $17,269,672.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $65.04, for a total transaction of $65,040.00. Following the completion of the transaction, the director now directly owns 7,717 shares of the company’s stock, valued at approximately $501,913.68. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock valued at $1,418,960 in the last 90 days. Company insiders own 32.14% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of FOUR. Durable Capital Partners LP boosted its holdings in Shift4 Payments by 52.0% in the 1st quarter. Durable Capital Partners LP now owns 2,305,940 shares of the company’s stock worth $142,807,000 after buying an additional 789,002 shares during the period. Wasatch Advisors LP bought a new position in Shift4 Payments in the 1st quarter worth $59,081,000. Summit Partners Public Asset Management LLC boosted its holdings in Shift4 Payments by 4,010.4% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 534,355 shares of the company’s stock worth $29,886,000 after buying an additional 521,355 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Shift4 Payments by 2,278.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 541,681 shares of the company’s stock worth $41,060,000 after buying an additional 518,909 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Shift4 Payments by 26.7% in the 2nd quarter. Jennison Associates LLC now owns 2,404,436 shares of the company’s stock worth $163,285,000 after buying an additional 506,539 shares during the period. Institutional investors own 70.82% of the company’s stock.
Shift4 Payments Company Profile (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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