Stephens Reaffirms Overweight Rating for Shift4 Payments (NYSE:FOUR)

Shift4 Payments (NYSE:FOUR)‘s stock had its “overweight” rating reaffirmed by Stephens in a report released on Wednesday,Benzinga reports. They currently have a $125.00 target price on the stock. Stephens’ target price would indicate a potential upside of 15.97% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. B. Riley upped their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Oppenheimer upped their price objective on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Susquehanna lifted their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Morgan Stanley lifted their price target on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.05.

Shift4 Payments Stock Performance

NYSE FOUR opened at $107.78 on Wednesday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 58.97, a P/E/G ratio of 1.28 and a beta of 1.72. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The firm’s 50 day simple moving average is $110.87 and its 200 day simple moving average is $97.38.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, research analysts expect that Shift4 Payments will post 2.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value 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 trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by insiders.

Institutional Trading of Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares during the period. Wasatch Advisors LP lifted its stake in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC boosted 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 valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Darlington Partners Capital Management LP grew 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 purchasing an additional 367,500 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in 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 purchasing an additional 12,804 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

About Shift4 Payments

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.