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

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-one brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $115.30.

Several equities research analysts recently issued reports on the stock. Benchmark cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Morgan Stanley reduced their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Barclays lowered their price objective on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Wells Fargo & Company reduced their target price on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $154.00 price target on shares of Shift4 Payments in a report on Tuesday, March 4th.

Shift4 Payments Price Performance

Shares of FOUR stock traded down $0.37 during trading hours on Friday, reaching $88.19. The company had a trading volume of 1,357,179 shares, compared to its average volume of 1,543,112. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a fifty day moving average of $105.25 and a 200-day moving average of $99.86.

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Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. On average, equities analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In related news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares in the company, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last three months. 30.57% of the stock is owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its position in shares of Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after acquiring an additional 99 shares in the last quarter. Elequin Capital LP raised its holdings in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after purchasing an additional 133 shares in the last quarter. Triumph Capital Management lifted its position in shares of Shift4 Payments by 3.2% during the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock worth $452,000 after buying an additional 137 shares during the last quarter. Finally, MRP Capital Investments LLC boosted its holdings in shares of Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock valued at $280,000 after buying an additional 150 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Company Profile

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.