Shift4 Payments (NYSE:FOUR) Earns Outperform Rating from Analysts at Oppenheimer

Oppenheimer started coverage on shares of Shift4 Payments (NYSE:FOUR) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $109.00 price objective on the stock.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an overweight rating in a research note on Friday, September 20th. Stephens reiterated an overweight rating and set a $90.00 price objective on shares of Shift4 Payments in a research note on Friday, August 9th. DA Davidson increased their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a buy rating in a research note on Friday, August 9th. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a buy rating in a research note on Thursday, July 11th. Finally, William Blair assumed coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an outperform rating for the company. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $88.20.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $89.18 on Tuesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $7.81 billion, a P/E ratio of 59.85, a P/E/G ratio of 0.85 and a beta of 1.64. The company’s 50-day simple moving average is $78.64 and its two-hundred day simple moving average is $71.38. Shift4 Payments has a one year low of $42.91 and a one year high of $92.30.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. During the same period in the prior year, the firm earned $0.58 EPS. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, equities analysts anticipate that Shift4 Payments will post 3.13 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at $18,827,693.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on Monday, September 16th. The shares were 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 directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently modified their holdings of FOUR. Thematics Asset Management acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $17,842,000. Seven Eight Capital LP acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $1,438,000. Natixis Investment Managers International acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $116,000. Tabor Asset Management LP acquired a new stake in Shift4 Payments in the fourth quarter valued at approximately $5,255,000. Finally, Wasatch Advisors LP grew its holdings in Shift4 Payments by 31.6% in the fourth quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock valued at $191,065,000 after purchasing an additional 616,452 shares during the period. Hedge funds and other 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.