Shift4 Payments (NYSE:FOUR) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of Shift4 Payments (NYSE:FOUR) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $109.00 target price on the stock.

Other research analysts have also issued research reports about the company. Susquehanna reaffirmed a positive rating and set a $97.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 12th. Wells Fargo & Company raised their price objective on Shift4 Payments from $75.00 to $95.00 and gave the company an overweight rating in a research report on Friday, September 20th. Morgan Stanley raised their price objective on Shift4 Payments from $66.00 to $70.00 and gave the company an equal weight rating in a research report on Friday, August 9th. Benchmark reaffirmed a buy rating and set a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Finally, Stephens reaffirmed an overweight rating and set a $90.00 price objective on shares of Shift4 Payments in a research report on Friday, August 9th. 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.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $88.20.

Shift4 Payments Stock Down 0.2 %

Shares of NYSE:FOUR opened at $88.39 on Tuesday. Shift4 Payments has a 52-week low of $42.91 and a 52-week high of $92.30. The firm has a market capitalization of $7.74 billion, a P/E ratio of 59.32, a P/E/G ratio of 0.85 and a beta of 1.64. The stock has a 50 day moving average price of $77.77 and a 200-day moving average price of $71.13. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data 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 return on equity of 24.19% and a net margin of 3.64%. The company had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. During the same quarter last year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, equities research analysts anticipate that Shift4 Payments will post 3.13 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. lifted its position in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Shift4 Payments by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after acquiring an additional 235,355 shares during the period. Truist Financial Corp bought a new stake in Shift4 Payments during the second quarter valued at about $283,000. Senator Investment Group LP raised its holdings in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares during the period. Finally, Regal Investment Advisors LLC bought a new stake in Shift4 Payments during the second quarter valued at about $1,236,000. 98.87% of the stock is currently 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.