Shift4 Payments (NYSE:FOUR) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Shift4 Payments (NYSE:FOUR) announced its quarterly earnings data on Tuesday. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06, Zacks reports. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%.

Shift4 Payments Price Performance

FOUR stock traded up $4.76 during trading on Tuesday, hitting $126.04. The stock had a trading volume of 3,582,011 shares, compared to its average volume of 1,281,054. The company’s 50-day moving average price is $110.32 and its two-hundred day moving average price is $96.93. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50. The stock has a market capitalization of $11.36 billion, a P/E ratio of 68.50, a PEG ratio of 1.26 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FOUR. B. Riley raised their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley raised their price objective on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research report on Monday, December 9th. Finally, Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.24.

Insider Activity

In other news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 over the last quarter. 30.57% of the stock is currently owned by corporate insiders.

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.