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

Benchmark reissued their buy rating on shares of Shift4 Payments (NYSE:FOUR) in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a $99.00 price objective on the stock.

A number of other analysts have also issued reports on FOUR. Morgan Stanley increased their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an equal weight rating in a research report on Friday, August 9th. Wells Fargo & Company lowered their price objective on shares of Shift4 Payments from $100.00 to $75.00 and set an overweight rating on the stock in a research note on Friday, May 10th. The Goldman Sachs Group lifted their target price on Shift4 Payments from $80.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, July 11th. Wedbush initiated coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They set a neutral rating and a $75.00 price target on the stock. Finally, DA Davidson increased their price objective on Shift4 Payments from $96.00 to $104.00 and gave the stock a buy rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $85.44.

Shift4 Payments Trading Down 2.3 %

Shares of NYSE FOUR opened at $75.71 on Thursday. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $92.30. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The stock’s 50 day simple moving average is $73.36 and its 200 day simple moving average is $70.63. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.64.

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

Institutional Trading of Shift4 Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HMS Capital Management LLC boosted its holdings in Shift4 Payments by 5.4% during the first quarter. HMS Capital Management LLC now owns 3,410 shares of the company’s stock worth $225,000 after buying an additional 175 shares during the last quarter. Lewis Asset Management LLC increased its holdings in Shift4 Payments by 3.2% during the first quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock worth $369,000 after buying an additional 175 shares during the last quarter. First Dallas Securities Inc. grew its holdings in Shift4 Payments by 1.8% during the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp raised its stake in Shift4 Payments by 25.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after acquiring an additional 202 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in Shift4 Payments by 3.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after acquiring an additional 210 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.