Stephens Reiterates “Overweight” Rating for Shift4 Payments (NYSE:FOUR)

Shift4 Payments (NYSE:FOUR)‘s stock had its “overweight” rating restated by equities research analysts at Stephens in a research report issued on Wednesday,Benzinga reports. They presently have a $125.00 price target on the stock. Stephens’ target price suggests a potential upside of 15.97% from the stock’s previous close.

Several other equities analysts also recently commented on FOUR. Oppenheimer increased their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a report on Monday, December 9th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. DA Davidson raised their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $110.05.

Shift4 Payments Stock Down 14.2 %

Shares of NYSE:FOUR opened at $107.78 on Wednesday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company has a market cap of $9.71 billion, a PE ratio of 58.97, a price-to-earnings-growth ratio of 1.28 and a beta of 1.72. The firm has a 50 day simple moving average of $110.87 and a 200 day simple moving average of $97.38.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. As a group, research analysts expect that Shift4 Payments will post 2.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently made changes to their positions in FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the third quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments during the 4th quarter valued at $26,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments in the third quarter valued at $27,000. Rakuten Securities Inc. lifted its stake in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after buying an additional 157 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments during the 4th quarter worth about $28,000. 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.