Shift4 Payments, Inc. (NYSE:FOUR) Receives Average Rating of “Moderate Buy” from Brokerages

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $85.44.

FOUR has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. The Goldman Sachs Group boosted their target price on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Stephens reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Shift4 Payments in a research report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Thursday. Finally, William Blair started coverage on Shift4 Payments in a research report on Wednesday. They issued an “outperform” rating for the company.

Institutional Trading of Shift4 Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its stake in shares of Shift4 Payments by 34.3% in the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after buying an additional 881,216 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Shift4 Payments by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after buying an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Shift4 Payments by 21.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after buying an additional 255,741 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Shift4 Payments by 72.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after buying an additional 561,707 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Performance

FOUR stock opened at $75.72 on Monday. The stock has a 50-day moving average price of $73.36 and a 200-day moving average price of $70.68. Shift4 Payments has a 1-year low of $42.91 and a 1-year high of $92.30. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The firm has a market cap of $6.63 billion, a PE ratio of 50.82, a price-to-earnings-growth ratio of 0.84 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The firm had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. During the same period last year, the company posted $0.58 EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, equities research analysts expect that Shift4 Payments will post 3.05 earnings per share for the current year.

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.