Shift4 Payments (NYSE:FOUR) Earns Outperform Rating from Royal Bank Of Canada

Shift4 Payments (NYSE:FOUR)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a note issued to investors on Friday, Benzinga reports. They currently have a $67.00 price objective on the stock. Royal Bank Of Canada’s price target points to a potential upside of 49.66% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Zacks Research cut shares of Shift4 Payments from a “hold” rating to a “strong sell” rating in a research report on Tuesday. BMO Capital Markets set a $46.00 target price on Shift4 Payments in a report on Friday, August 7th. DA Davidson decreased their price target on Shift4 Payments from $74.00 to $68.00 and set a “buy” rating for the company in a report on Monday, August 10th. Evercore set a $45.00 price objective on Shift4 Payments in a research report on Monday, May 18th. Finally, Wells Fargo & Company upgraded Shift4 Payments from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $55.00 to $59.00 in a report on Tuesday, August 25th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.24.

Shift4 Payments Stock Up 4.0%

Shares of FOUR stock traded up $1.74 during trading on Friday, reaching $44.77. The company’s stock had a trading volume of 157,156 shares, compared to its average volume of 1,980,160. Shift4 Payments has a 1-year low of $34.56 and a 1-year high of $88.51. The stock’s 50-day moving average price is $47.77 and its 200 day moving average price is $45.65. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 74.52, a P/E/G ratio of 0.53 and a beta of 1.38. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.21 and a quick ratio of 1.21.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.06. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%.The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $615.65 million. During the same quarter in the prior year, the business earned $1.10 EPS. Shift4 Payments’s revenue was up 50.9% on a year-over-year basis. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. On average, research analysts anticipate that Shift4 Payments will post 4.33 EPS for the current year.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of Shift4 Payments by 3,922.5% in the second quarter. California State Teachers Retirement System now owns 2,823,406 shares of the company’s stock valued at $137,330,000 after buying an additional 2,753,215 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Shift4 Payments by 16.4% during the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after buying an additional 890,990 shares during the period. Bank of Montreal Can grew its holdings in shares of Shift4 Payments by 3,048.9% during the fourth quarter. Bank of Montreal Can now owns 872,453 shares of the company’s stock worth $54,938,000 after buying an additional 844,746 shares during the last quarter. Norges Bank purchased a new position in shares of Shift4 Payments during the fourth quarter worth about $51,635,000. Finally, Marshall Wace LLP increased its position in Shift4 Payments by 97.2% in the 4th quarter. Marshall Wace LLP now owns 1,655,485 shares of the company’s stock valued at $104,246,000 after acquiring an additional 816,155 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.