Shift4 Payments (NYSE:FOUR) Coverage Initiated at Evercore ISI

Research analysts at Evercore ISI initiated coverage on shares of Shift4 Payments (NYSE:FOUR - Get Free Report) in a research note issued on Wednesday, Marketbeat reports. The brokerage set an "in-line" rating and a $80.00 price target on the stock. Evercore ISI's target price points to a potential upside of 2.18% from the stock's current price.

FOUR has been the topic of several other research reports. Raymond James reduced their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Friday, April 4th. DA Davidson decreased their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Oppenheimer dropped their target price on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $154.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 4th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and an average target price of $109.24.

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Shift4 Payments Stock Up 0.3 %

Shift4 Payments stock traded up $0.20 during mid-day trading on Wednesday, reaching $78.29. 409,481 shares of the company's stock were exchanged, compared to its average volume of 1,593,895. The company has a fifty day moving average of $94.13 and a 200-day moving average of $99.61. The company has a market cap of $6.98 billion, a P/E ratio of 25.50, a P/E/G ratio of 1.04 and a beta of 1.80. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments has a twelve month low of $55.87 and a twelve month 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Sell-side analysts expect that Shift4 Payments will post 3.7 EPS for the current year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction 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 sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last quarter. Company insiders own 30.57% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Shift4 Payments by 91.4% during the first quarter. UMB Bank n.a. now owns 534 shares of the company's stock valued at $44,000 after buying an additional 255 shares during the period. E. Ohman J or Asset Management AB lifted its stake in shares of Shift4 Payments by 17.6% during the 1st quarter. E. Ohman J or Asset Management AB now owns 27,956 shares of the company's stock worth $2,284,000 after purchasing an additional 4,180 shares during the period. NBC Securities Inc. boosted its holdings in shares of Shift4 Payments by 57,816.7% during the first quarter. NBC Securities Inc. now owns 3,475 shares of the company's stock worth $283,000 after purchasing an additional 3,469 shares during the last quarter. Rhumbline Advisers grew its position in shares of Shift4 Payments by 0.4% in the first quarter. Rhumbline Advisers now owns 186,495 shares of the company's stock valued at $15,238,000 after purchasing an additional 700 shares during the period. Finally, Parallel Advisors LLC increased its stake in Shift4 Payments by 5.9% in the first quarter. Parallel Advisors LLC now owns 3,517 shares of the company's stock valued at $287,000 after purchasing an additional 196 shares during the last quarter. 98.87% of the stock is currently 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.