Shift4 Payments (NYSE:FOUR) Earns “Overweight” Rating from Stephens

Shift4 Payments (NYSE:FOUR)‘s stock had its “overweight” rating reissued by research analysts at Stephens in a note issued to investors on Wednesday,Benzinga reports. They currently have a $125.00 price target on the stock. Stephens’ target price points to a potential upside of 26.53% from the stock’s previous close.

FOUR has been the subject of several other research reports. Morgan Stanley boosted their price target on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. B. Riley upped their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America lowered 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 research note on Wednesday, December 4th. Wells Fargo & Company upped their price objective on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Susquehanna upped their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average target price of $114.19.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $98.79 on Wednesday. The stock has a 50-day simple moving average of $110.87 and a two-hundred day simple moving average of $97.43. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The firm has a market capitalization of $8.90 billion, a PE ratio of 32.18, a P/E/G ratio of 1.32 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last released its quarterly 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 29.38% and a net margin of 6.89%. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Analysts forecast that Shift4 Payments will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction that occurred on 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 owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 over the last ninety days. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. raised its position in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after buying an additional 7,905 shares during the period. Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% in 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. Moody National Bank Trust Division raised its holdings in shares of Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after buying an additional 7,349 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $812,000. 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.