Shift4 Payments (NYSE:FOUR) Stock Price Up 5.2%

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price was up 5.2% during trading on Wednesday . The company traded as high as $80.32 and last traded at $80.00. Approximately 882,992 shares changed hands during trading, a decline of 37% from the average daily volume of 1,408,261 shares. The stock had previously closed at $76.03.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FOUR. Wedbush assumed coverage on shares of Shift4 Payments in a research report on Friday, May 24th. They set a “neutral” rating and a $75.00 target price for the company. Benchmark restated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Wednesday, July 17th. Stephens reissued an “overweight” rating and set a $90.00 price target on shares of Shift4 Payments in a research report on Friday, August 9th. Morgan Stanley lifted their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group boosted their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.44.

Shift4 Payments Trading Down 0.4 %

The firm’s 50-day simple moving average is $70.77 and its 200 day simple moving average is $70.24. The stock has a market cap of $7.14 billion, a P/E ratio of 54.72, a PEG ratio of 0.82 and a beta of 1.63. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The company had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.04 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $72.06, for a total value of $72,060.00. Following the transaction, the director now owns 9,474 shares in the company, valued at $682,696.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Shift4 Payments news, CEO Jared Isaacman purchased 39,135 shares of the stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of $64.04 per share, with a total value of $2,506,205.40. Following the acquisition, the chief executive officer now directly owns 621,962 shares of the company’s stock, valued at approximately $39,830,446.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now owns 9,474 shares of the company’s stock, valued at approximately $682,696.44. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP lifted its position in Shift4 Payments by 34.3% in the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after acquiring an additional 881,216 shares in the last quarter. Jennison Associates LLC grew its position in shares of Shift4 Payments by 25.7% in the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after purchasing an additional 601,749 shares during the last quarter. Clearbridge Investments LLC raised its stake in Shift4 Payments by 2.8% in the 4th quarter. Clearbridge Investments LLC now owns 2,083,024 shares of the company’s stock worth $154,852,000 after purchasing an additional 57,466 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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 purchasing an additional 1,716,132 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Shift4 Payments by 21.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after acquiring an additional 255,741 shares during the period. Institutional investors 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.