Shift4 Payments (NYSE:FOUR) Issues Earnings Results

Shift4 Payments (NYSE:FOUR) issued its quarterly earnings results on Tuesday. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91, reports. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. The firm had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million.

Shift4 Payments Price Performance

Shares of FOUR opened at $101.37 on Thursday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 1.16 and a beta of 1.64. The stock has a 50 day moving average of $89.89 and a 200-day moving average of $77.22. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $106.31.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Waldron Private Wealth LLC acquired a new position in Shift4 Payments during the 3rd quarter worth $25,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments during the 3rd quarter worth $27,000. Toth Financial Advisory Corp acquired a new position in Shift4 Payments during the 3rd quarter worth $32,000. J.Safra Asset Management Corp boosted its position 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 acquiring an additional 347 shares during the period. Finally, Financial Management Professionals Inc. acquired a new position in Shift4 Payments during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FOUR shares. B. Riley raised their price target on Shift4 Payments from $104.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Stephens lifted their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. William Blair started coverage on Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Barclays started coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price objective on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.10.

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.