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

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

A number of other brokerages have also recently weighed in on FOUR. Mizuho reduced their price target on shares of Shift4 Payments from $85.00 to $75.00 and set a buy rating on the stock in a research report on Monday, May 13th. Evercore ISI reduced their price target on shares of Shift4 Payments from $110.00 to $105.00 and set an outperform rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada reissued an outperform rating and set a $94.00 price target on shares of Shift4 Payments in a research report on Wednesday, April 3rd. Benchmark reissued a buy rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Friday, May 10th. Finally, The Goldman Sachs Group cut their price objective on shares of Shift4 Payments from $91.00 to $80.00 and set a buy rating on the stock in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $83.33.

Shift4 Payments Price Performance

FOUR opened at $68.29 on Thursday. The company has a fifty day moving average price of $64.92 and a two-hundred day moving average price of $69.94. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.70 and a current ratio of 1.70. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30. The firm has a market capitalization of $5.98 billion, a PE ratio of 45.83, a P/E/G ratio of 0.88 and a beta of 1.59.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The business had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million. As a group, analysts anticipate that Shift4 Payments will post 3 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the transaction, the insider now owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $72.34, for a total transaction of $723,400.00. Following the completion of the sale, the chief financial officer now owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the sale, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HMS Capital Management LLC lifted its stake in Shift4 Payments by 5.4% in the 1st quarter. HMS Capital Management LLC now owns 3,410 shares of the company’s stock valued at $225,000 after purchasing an additional 175 shares during the last quarter. Lewis Asset Management LLC lifted its stake in Shift4 Payments by 3.2% in the 1st quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock valued at $369,000 after purchasing an additional 175 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Shift4 Payments by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,726 shares of the company’s stock valued at $372,000 after purchasing an additional 233 shares during the last quarter. Nomura Holdings Inc. lifted its stake in Shift4 Payments by 3.7% in the 3rd quarter. Nomura Holdings Inc. now owns 8,436 shares of the company’s stock valued at $467,000 after purchasing an additional 298 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

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.