Shift4 Payments (NYSE:FOUR) Upgraded to “Hold” by Wedbush

Wedbush upgraded shares of Shift4 Payments (NYSE:FOUR) to a hold rating in a research note published on Thursday, Zacks.com reports.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada restated an outperform rating and issued a $94.00 price objective on shares of Shift4 Payments in a research report on Wednesday, April 3rd. UBS Group boosted their price objective on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a buy rating in a research report on Wednesday, February 28th. Benchmark restated a buy rating and set a $99.00 target price on shares of Shift4 Payments in a report on Friday, May 10th. Redburn Atlantic upgraded shares of Shift4 Payments from a sell rating to a neutral rating and set a $53.00 price target on the stock in a research note on Friday, April 19th. Finally, The Goldman Sachs Group reduced their price target on shares of Shift4 Payments from $91.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $83.33.

Shift4 Payments Price Performance

NYSE FOUR traded up $4.23 on Thursday, reaching $68.29. The company’s stock had a trading volume of 1,564,450 shares, compared to its average volume of 1,685,707. The firm has a market cap of $5.98 billion, a PE ratio of 45.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.59. The business has a 50-day moving average price of $64.92 and a 200 day moving average price of $69.67. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30. 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 issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $269.30 million during the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. Sell-side analysts expect that Shift4 Payments will post 3 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total value of $723,400.00. Following the transaction, the chief financial officer now owns 274,954 shares in the company, valued at $19,890,172.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Jared Isaacman purchased 39,135 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $64.04 per share, with a total value of $2,506,205.40. Following the completion of the acquisition, the chief executive officer now owns 621,962 shares in the company, valued at approximately $39,830,446.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $72.34, for a total transaction of $723,400.00. Following the transaction, the chief financial officer now owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors have recently modified their holdings of FOUR. C M Bidwell & Associates Ltd. bought a new position in Shift4 Payments during the 3rd quarter valued at $35,000. J.Safra Asset Management Corp grew its stake in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after acquiring an additional 347 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $90,000. Nemes Rush Group LLC bought a new position in shares of Shift4 Payments in the third quarter valued at about $79,000. Finally, Covestor Ltd raised its holdings in Shift4 Payments by 49,166.7% during the 3rd quarter. Covestor Ltd now owns 1,478 shares of the company’s stock worth $82,000 after purchasing an additional 1,475 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.