Shift4 Payments’ (FOUR) “Buy” Rating Reaffirmed at Benchmark

Shift4 Payments (NYSE:FOUR)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a research note issued to investors on Thursday, Benzinga reports. They currently have a $99.00 target price on the stock. Benchmark’s target price points to a potential upside of 28.39% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company cut their price objective on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. William Blair started coverage on shares of Shift4 Payments in a research report on Wednesday. They set an “outperform” rating on the stock. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Wedbush assumed coverage on shares of Shift4 Payments in a report on Friday, May 24th. They set a “neutral” rating and a $75.00 target price on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Shift4 Payments in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.44.

Shift4 Payments Trading Down 0.2 %

Shares of FOUR stock traded down $0.19 during trading hours on Thursday, hitting $77.11. 492,688 shares of the company were exchanged, compared to its average volume of 1,434,235. The firm has a fifty day moving average of $73.23 and a 200 day moving average of $70.65. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. Shift4 Payments has a 1 year low of $42.91 and a 1 year high of $92.30. The firm has a market cap of $6.75 billion, a PE ratio of 51.73, a PEG ratio of 0.84 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. Analysts expect that Shift4 Payments will post 3.05 earnings per share for the current year.

Insider Activity

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Friday, June 7th. The shares were sold at an average price of $72.06, for a total value of $72,060.00. Following the completion of the transaction, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after acquiring an additional 1,078,115 shares during the period. Wasatch Advisors LP boosted its stake in Shift4 Payments by 34.3% during the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after purchasing an additional 881,216 shares during the period. Kodai Capital Management LP bought a new position in Shift4 Payments in the 4th quarter worth about $59,520,000. Finally, Westfield Capital Management Co. LP increased its stake in shares of Shift4 Payments by 72.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after purchasing an additional 561,707 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.