Shift4 Payments (NYSE:FOUR) Stock Jumps 5.6% on Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price rose 5.6% on Friday after Truist Financial raised their price target on the stock from $42.00 to $43.00. Truist Financial currently has a hold rating on the stock. Shift4 Payments traded as high as $42.97 and last traded at $43.8640. Approximately 230,652 shares changed hands during trading, a decline of 89% from the average daily volume of 2,038,658 shares. The stock had previously closed at $41.52.

Other analysts also recently issued reports about the company. Raymond James Financial reduced their price target on Shift4 Payments from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. The Goldman Sachs Group set a $48.00 price target on Shift4 Payments in a report on Friday, August 7th. BTIG Research dropped their price target on shares of Shift4 Payments from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Morgan Stanley set a $46.00 target price on Shift4 Payments in a report on Friday, August 7th. Finally, Zacks Research raised shares of Shift4 Payments from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Shift4 Payments has an average rating of “Hold” and a consensus price target of $54.36.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc bought a new position in Shift4 Payments during the second quarter valued at $34,000. Cassaday & Co Wealth Management LLC purchased a new stake in Shift4 Payments during the first quarter valued at approximately $87,000. Nykredit A S acquired a new position in shares of Shift4 Payments in the 2nd quarter valued at $132,000. Syon Capital LLC acquired a new stake in Shift4 Payments during the 2nd quarter worth about $201,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Shift4 Payments during the 2nd quarter valued at approximately $215,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Up 6.0%

The company has a market capitalization of $3.47 billion, a PE ratio of 55.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50 day simple moving average of $40.35 and a 200 day simple moving average of $45.54.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.36 by $0.13. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $652.39 million. Shift4 Payments had a net margin of 2.34% and a return on equity of 25.42%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.050-5.150 EPS. Analysts anticipate that Shift4 Payments, Inc. will post 4.11 earnings per share for the current year.

Shift4 Payments Company Profile

Shift4 Payments, Inc. provides payment processing and commerce technology for businesses. Its platform supports transactions made in person, online and through mobile channels, combining payment acceptance and processing with tools for managing sales and operations. The company serves merchants in industries including restaurants, hotels, retail, entertainment and sports venues. Its offerings include point-of-sale systems, payment gateways and related software, such as its SkyTab restaurant technology platform.