Shift4 Payments (NYSE:FOUR) Upgraded to "Strong-Buy" at Raymond James

Shift4 Payments (NYSE:FOUR - Get Free Report) was upgraded by equities research analysts at Raymond James from an "outperform" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has a $140.00 price target on the stock. Raymond James' price objective suggests a potential upside of 66.21% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Stephens restated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. Bank of America lowered Shift4 Payments from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Royal Bank of Canada restated an "outperform" rating and issued a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Finally, Piper Sandler reiterated an "overweight" rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.30.

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Shift4 Payments Price Performance

Shares of Shift4 Payments stock traded down $6.10 during trading hours on Monday, reaching $84.23. The stock had a trading volume of 2,962,072 shares, compared to its average volume of 1,862,483. The stock's 50 day moving average is $108.08 and its 200 day moving average is $99.45. The company has a current ratio of 1.38, a quick ratio of 2.97 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. The firm has a market capitalization of $7.50 billion, a PE ratio of 27.44, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly 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. The company had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Equities analysts expect that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94 % 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. Insiders own 30.57% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FOUR. Vanguard Group Inc. lifted its position in shares of Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after buying an additional 562,774 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the period. Jennison Associates LLC increased its position in Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock worth $251,098,000 after buying an additional 242,179 shares during the period. Darlington Partners Capital Management LP lifted its stake in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after buying an additional 367,500 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock valued at $128,921,000 after acquiring an additional 12,804 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

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.