Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $125.52 and last traded at $122.98, with a volume of 312349 shares trading hands. The stock had previously closed at $121.28.
The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion.
Analysts Set New Price Targets
FOUR has been the subject of a number of research analyst reports. Susquehanna upped their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a report on Wednesday, November 13th. Stephens reiterated an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday. B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Bank of America downgraded shares of Shift4 Payments from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, Oppenheimer reduced their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.19.
Read Our Latest Analysis on Shift4 Payments
Insider Buying and Selling at Shift4 Payments
In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last three months. Company insiders own 30.57% of the company's stock.
Hedge Funds Weigh In On Shift4 Payments
Institutional investors have recently bought and sold shares of the business. Waldron Private Wealth LLC bought a new stake in shares of Shift4 Payments during the third quarter worth $25,000. Heck Capital Advisors LLC acquired a new position in Shift4 Payments during the 4th quarter worth about $26,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments during the 3rd quarter worth about $27,000. Rakuten Securities Inc. increased its position in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments in the fourth quarter worth about $28,000. Institutional investors own 98.87% of the company's stock.
Shift4 Payments Price Performance
The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock's 50-day moving average price is $110.73 and its 200-day moving average price is $97.66. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.72.
About Shift4 Payments
(
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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