Shift4 Payments (NYSE:FOUR – Get Rating) had its price objective lifted by investment analysts at Credit Suisse Group to $60.00 in a research note issued on Tuesday, Stock Target Advisor reports. Credit Suisse Group’s target price indicates a potential upside of 31.90% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Citigroup dropped their target price on shares of Shift4 Payments from $81.00 to $65.00 in a research report on Friday, May 6th. Morgan Stanley increased their target price on shares of Shift4 Payments from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday. Wolfe Research lowered their price objective on shares of Shift4 Payments from $65.00 to $48.00 in a research report on Wednesday, July 20th. Truist Financial decreased their target price on Shift4 Payments from $80.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Finally, Royal Bank of Canada cut their price target on Shift4 Payments from $77.00 to $65.00 in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.
Shift4 Payments Stock Down 3.6 %
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Shares of FOUR traded down $1.70 during midday trading on Tuesday, reaching $45.49. 25,702 shares of the company were exchanged, compared to its average volume of 1,074,135. Shift4 Payments has a 1-year low of $29.39 and a 1-year high of $89.47. The stock has a 50-day moving average price of $36.76 and a 200-day moving average price of $46.89. The company has a current ratio of 5.52, a quick ratio of 5.51 and a debt-to-equity ratio of 4.15. The company has a market cap of $3.83 billion, a price-to-earnings ratio of -153.03 and a beta of 1.99.
Shift4 Payments (NYSE:FOUR – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Shift4 Payments had a positive return on equity of 6.20% and a negative net margin of 0.94%. The business had revenue of $506.70 million for the quarter, compared to analysts’ expectations of $476.34 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 44.4% compared to the same quarter last year. Research analysts expect that Shift4 Payments will post 0.49 earnings per share for the current year.
Insider Buying and Selling at Shift4 Payments
In other Shift4 Payments news, CEO Jared Isaacman acquired 27,728 shares of the stock in a transaction dated Thursday, June 16th. The shares were bought at an average price of $31.60 per share, with a total value of $876,204.80. Following the purchase, the chief executive officer now directly owns 362,470 shares of the company’s stock, valued at approximately $11,454,052. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 36.59% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in FOUR. Southpoint Capital Advisors LP boosted its stake in shares of Shift4 Payments by 81.3% during the 4th quarter. Southpoint Capital Advisors LP now owns 2,900,000 shares of the company’s stock worth $167,997,000 after acquiring an additional 1,300,000 shares in the last quarter. Durable Capital Partners LP boosted its position in shares of Shift4 Payments by 52.0% in the 1st quarter. Durable Capital Partners LP now owns 2,305,940 shares of the company’s stock valued at $142,807,000 after purchasing an additional 789,002 shares during the period. Jennison Associates LLC raised its holdings in Shift4 Payments by 64.1% during the 1st quarter. Jennison Associates LLC now owns 1,552,453 shares of the company’s stock worth $96,143,000 after buying an additional 606,463 shares during the period. Emerald Advisers LLC purchased a new stake in Shift4 Payments during the first quarter valued at about $25,762,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Shift4 Payments in the first quarter worth about $23,354,000. Institutional investors and hedge funds own 72.81% 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.
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