Susquehanna Reiterates Positive Rating for Shift4 Payments (NYSE:FOUR)

Shift4 Payments (NYSE:FOUR)‘s stock had its “positive” rating reissued by Susquehanna in a research report issued on Thursday, Benzinga reports. They currently have a $97.00 target price on the stock. Susquehanna’s target price indicates a potential upside of 16.99% from the stock’s current price.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group boosted their price target on Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Morgan Stanley boosted their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. William Blair began coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a report on Friday, August 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.05.

Shift4 Payments Stock Up 3.1 %

Shares of FOUR opened at $82.91 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 firm has a market capitalization of $7.26 billion, a P/E ratio of 55.64, a P/E/G ratio of 0.77 and a beta of 1.64. The firm has a fifty day moving average price of $73.89 and a 200-day moving average price of $70.84. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $92.30.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating 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 analysts’ expectations of $314.10 million. During the same period last year, the business earned $0.58 EPS. The company’s revenue was up 40.6% compared to the same quarter last year. Equities research analysts expect that Shift4 Payments will post 3.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP boosted its stake in Shift4 Payments by 34.3% during the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after purchasing an additional 881,216 shares during the period. Clearbridge Investments LLC boosted its position in shares of Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after purchasing an additional 235,355 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Shift4 Payments by 11,776.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Shift4 Payments by 21.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after acquiring an additional 255,741 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in Shift4 Payments by 72.8% during the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after purchasing an additional 561,707 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.