Shift4 Payments (NYSE:FOUR) Upgraded by Raymond James to Strong-Buy Rating

Shift4 Payments (NYSE:FOUR) was upgraded by investment analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage currently has a $140.00 price target on the stock. Raymond James’ price target would suggest a potential upside of 55.78% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Oppenheimer decreased their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. 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 report on Wednesday, November 13th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. DA Davidson decreased their target price on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, The Goldman Sachs Group increased their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $115.30.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $89.87 on Monday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The business has a 50 day moving average price of $108.96 and a two-hundred day moving average price of $99.38. The firm has a market cap of $8.01 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results 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. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Sell-side analysts expect that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction 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 transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Large investors have recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments during the fourth quarter valued at $26,000. Rakuten Securities Inc. increased its stake in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments in the 4th quarter valued at approximately $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments in the 4th quarter valued at approximately $29,000. Finally, Elequin Capital LP grew its holdings in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.