Shift4 Payments’ (FOUR) Outperform Rating Reiterated at Royal Bank of Canada

Shift4 Payments (NYSE:FOUR)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They currently have a $154.00 target price on the stock. Royal Bank of Canada’s target price suggests a potential upside of 68.67% from the stock’s current price.

FOUR has been the subject of a number of other research reports. Morgan Stanley dropped their price target on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group raised their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Finally, Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $115.05.

Shift4 Payments Trading Down 5.1 %

Shift4 Payments stock traded down $4.91 during trading hours on Tuesday, reaching $91.30. The stock had a trading volume of 497,208 shares, compared to its average volume of 1,814,514. The company has a fifty day simple moving average of $110.07 and a 200-day simple moving average of $99.06. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The stock has a market cap of $8.23 billion, a PE ratio of 29.93, a PEG ratio of 1.04 and a beta of 1.72. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Analysts forecast that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently made changes to their positions in FOUR. Vanguard Group Inc. lifted its position in Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after buying an additional 1,980,940 shares during the period. Jennison Associates LLC boosted its stake in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after acquiring an additional 367,500 shares during the period. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 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.