Shift4 Payments, Inc. (NYSE:FOUR) Receives $96.95 Average PT from Brokerages

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus rating of “Moderate Buy” by the twenty-two research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $96.70.

Several research analysts have issued reports on FOUR shares. Keefe, Bruyette & Woods lowered their price objective on shares of Shift4 Payments from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. UBS Group decreased their target price on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Susquehanna lowered their price target on Shift4 Payments from $125.00 to $115.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company dropped their price target on Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Finally, Morgan Stanley reduced their price objective on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd.

Shift4 Payments Trading Up 0.3%

NYSE:FOUR opened at $65.28 on Friday. The company has a market capitalization of $5.79 billion, a PE ratio of 30.65, a P/E/G ratio of 0.66 and a beta of 1.68. Shift4 Payments has a 52-week low of $61.23 and a 52-week high of $127.50. The stock’s 50 day moving average price is $69.22 and its 200 day moving average price is $83.41. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27.

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

Insider Transactions at Shift4 Payments

In related news, CEO David Taylor Lauber sold 12,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total transaction of $828,000.00. Following the completion of the sale, the chief executive officer directly owned 273,588 shares of the company’s stock, valued at $18,877,572. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy Disman sold 5,000 shares of Shift4 Payments stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total transaction of $347,500.00. Following the completion of the transaction, the director owned 130,420 shares in the company, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,438 shares of company stock worth $1,278,317 over the last 90 days. 25.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FOUR. Durable Capital Partners LP lifted its position in Shift4 Payments by 12.6% in the second quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock valued at $660,612,000 after purchasing an additional 745,650 shares during the period. Wasatch Advisors LP raised its stake in shares of Shift4 Payments by 16.4% during the 2nd quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after buying an additional 890,990 shares in the last quarter. Darlington Partners Capital Management LP lifted its holdings in shares of Shift4 Payments by 2.1% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,071,725 shares of the company’s stock valued at $392,552,000 after buying an additional 105,320 shares during the period. Jennison Associates LLC lifted its holdings in shares of Shift4 Payments by 25.6% in the 3rd quarter. Jennison Associates LLC now owns 2,056,056 shares of the company’s stock valued at $159,139,000 after buying an additional 419,132 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of Shift4 Payments by 16.6% in the second quarter. Alliancebernstein L.P. now owns 1,505,933 shares of the company’s stock valued at $149,253,000 after buying an additional 214,627 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Company Profile

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.