Royal Bank of Canada Reiterates Outperform Rating for Shift4 Payments (NYSE:FOUR)

Shift4 Payments (NYSE:FOUR - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They presently have a $154.00 price objective on the stock. Royal Bank of Canada's price target indicates a potential upside of 71.35% from the company's previous close.

FOUR has been the subject of a number of other research reports. Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. DA Davidson reduced their price target on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 24th. The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective on the stock. Finally, Stephens reaffirmed an "overweight" rating and issued a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.00.

Remove Ads

Shift4 Payments Stock Up 0.8 %

FOUR stock traded up $0.69 during midday trading on Tuesday, hitting $89.87. The stock had a trading volume of 1,993,243 shares, compared to its average volume of 1,850,417. The business has a 50-day moving average of $109.25 and a two-hundred day moving average of $99.04. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. As a group, equities research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares of the company's stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 30.57% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its position in shares of Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock worth $43,666,000 after acquiring an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Shift4 Payments by 26.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company's stock worth $3,330,000 after purchasing an additional 7,905 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock valued at $1,645,000 after purchasing an additional 7,349 shares during the last quarter. Jennison Associates LLC grew its position in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Shift4 Payments in the fourth quarter worth about $812,000. 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.