Shift4 Payments (NYSE:FOUR) Upgraded at Raymond James

Raymond James upgraded shares of Shift4 Payments (NYSE:FOUR) from an outperform rating to a strong-buy rating in a report released on Monday, Marketbeat Ratings reports. Raymond James currently has $140.00 price target on the stock.

Other analysts have also issued reports about the company. B. Riley lifted their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Susquehanna lifted their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Barclays lowered their price target on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Keefe, Bruyette & Woods lifted their price target on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group lifted their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.30.

Shift4 Payments Stock Up 1.7 %

Shares of FOUR opened at $90.36 on Monday. 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 stock’s 50 day moving average is $108.08 and its two-hundred day moving average is $99.45. The firm has a market cap of $8.05 billion, a P/E ratio of 29.43, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the business’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 owns 264,856 shares in the company, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at $26,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments in the 3rd quarter valued at $27,000. Rakuten Securities Inc. raised its holdings in shares of 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 buying an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at $28,000. Finally, UMB Bank n.a. purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at $29,000. 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.