Shift4 Payments (NYSE:FOUR) Receives “Outperform” Rating from Royal Bank of Canada

Shift4 Payments (NYSE:FOUR)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They presently have a $154.00 target price on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 68.67% from the company’s current price.

Other analysts have also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Oppenheimer cut their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Barclays lowered their price objective on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Keefe, Bruyette & Woods upped their price objective 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, Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $115.05.

Shift4 Payments Stock Performance

NYSE:FOUR traded down $4.91 during mid-day trading on Tuesday, hitting $91.30. 497,208 shares of the company traded hands, compared to its average volume of 1,814,514. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock’s fifty day moving average price is $110.07 and its 200-day moving average price is $99.06. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data 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 company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Research analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James J. Whalen sold 1,462 shares of the stock in a transaction 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 owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in shares of 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 buying an additional 145,444 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after acquiring an additional 7,905 shares during the period. Jennison Associates LLC boosted its holdings in Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares during the period. Moody National Bank Trust Division grew its position in Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after acquiring an additional 7,349 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Shift4 Payments in the fourth quarter worth $812,000. 98.87% of the stock is 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.