Benchmark Reaffirms “Buy” Rating for Shift4 Payments (NYSE:FOUR)

Benchmark reaffirmed their buy rating on shares of Shift4 Payments (NYSE:FOUR) in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a $99.00 target price on the stock.

A number of other brokerages also recently issued reports on FOUR. William Blair began coverage on shares of Shift4 Payments in a research note on Wednesday. They set an outperform rating on the stock. Mizuho lowered their price objective on shares of Shift4 Payments from $85.00 to $75.00 and set a buy rating for the company in a research report on Monday, May 13th. Stephens reaffirmed an overweight rating and issued a $90.00 target price on shares of Shift4 Payments in a report on Friday, August 9th. Morgan Stanley lifted their price target on Shift4 Payments from $66.00 to $70.00 and gave the company an equal weight rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group upped their price objective on Shift4 Payments from $80.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Shift4 Payments presently has an average rating of Moderate Buy and an average price target of $85.44.

Shift4 Payments Stock Down 2.3 %

NYSE FOUR opened at $75.71 on Thursday. 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 company has a market cap of $6.63 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 0.84 and a beta of 1.64. The company has a 50 day moving average of $73.36 and a 200-day moving average of $70.64. Shift4 Payments has a 1-year low of $42.91 and a 1-year high of $92.30.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. The firm had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. On average, equities research analysts expect that Shift4 Payments will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Shift4 Payments

Institutional investors have recently modified their holdings of the business. J.Safra Asset Management Corp lifted its holdings in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after buying an additional 347 shares during the period. Quarry LP acquired a new position in shares of Shift4 Payments in the second quarter worth approximately $60,000. CWM LLC boosted its holdings in Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares during the last quarter. Clear Street Markets LLC acquired a new stake in Shift4 Payments during the 4th quarter valued at approximately $112,000. Finally, Natixis Investment Managers International bought a new position in Shift4 Payments during the 4th quarter worth approximately $116,000. Institutional investors own 98.87% of the company’s stock.

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.