Shift4 Payments' (FOUR) "Overweight" Rating Reiterated at Stephens

Shift4 Payments (NYSE:FOUR - Get Free Report)'s stock had its "overweight" rating reissued by analysts at Stephens in a research note issued on Wednesday,Benzinga reports. They presently have a $125.00 target price on the stock. Stephens' target price points to a potential upside of 31.65% from the stock's previous close.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective on the stock. DA Davidson upped their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Susquehanna increased their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research report on Wednesday, November 13th. Finally, Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and an average price target of $114.19.

Shift4 Payments Stock Down 4.0 %

FOUR stock traded down $3.94 during midday trading on Wednesday, hitting $94.95. 3,891,714 shares of the company's stock were exchanged, compared to its average volume of 1,810,010. 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 12-month low of $55.87 and a 12-month high of $127.50. The firm has a 50 day moving average price of $110.73 and a 200-day moving average price of $97.66. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72.

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

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 over the last 90 days. 30.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently bought and sold shares of FOUR. CWM LLC increased its stake in Shift4 Payments by 95.8% in the 3rd quarter. CWM LLC now owns 2,214 shares of the company's stock worth $196,000 after purchasing an additional 1,083 shares in the last quarter. Creative Planning purchased a new position in Shift4 Payments during the 3rd quarter valued at about $293,000. Allspring Global Investments Holdings LLC grew its stake in Shift4 Payments by 245.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company's stock valued at $14,294,000 after acquiring an additional 114,659 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in Shift4 Payments during the 3rd quarter valued at about $25,000. Finally, International Assets Investment Management LLC grew its stake in Shift4 Payments by 10,217.7% during the 3rd quarter. International Assets Investment Management LLC now owns 160,543 shares of the company's stock valued at $14,224,000 after acquiring an additional 158,987 shares in the last quarter. 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.