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

William Blair initiated coverage on shares of Shift4 Payments (NYSE:FOUR) in a research note released on Wednesday, Marketbeat reports. The brokerage issued an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company lowered their target price on shares of Shift4 Payments from $100.00 to $75.00 and set an overweight rating on the stock in a research report on Friday, May 10th. Mizuho lowered their price target on shares of Shift4 Payments from $85.00 to $75.00 and set a buy rating on the stock in a research report on Monday, May 13th. Benchmark reiterated a buy rating and issued a $99.00 price target on shares of Shift4 Payments in a research report on Wednesday, July 17th. Stephens reiterated an overweight rating and issued a $90.00 price target on shares of Shift4 Payments in a research report on Friday, August 9th. Finally, The Goldman Sachs Group increased their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a buy rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $85.44.

Shift4 Payments Trading Down 2.3 %

NYSE FOUR opened at $75.72 on Wednesday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 50.82, a P/E/G ratio of 0.84 and a beta of 1.64. Shift4 Payments has a 52-week low of $42.91 and a 52-week high of $92.30. The firm has a 50-day moving average price of $73.36 and a 200 day moving average price of $70.68. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The company had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. During the same period in the prior year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities research analysts expect that Shift4 Payments will post 3.05 EPS for the current year.

Hedge Funds Weigh In On Shift4 Payments

A number of large investors have recently bought and sold shares of FOUR. The Manufacturers Life Insurance Company raised its stake 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 purchasing an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc raised its stake in shares of Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after acquiring an additional 1,078,115 shares during the period. Wasatch Advisors LP raised its stake in shares of Shift4 Payments by 34.3% in the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after acquiring an additional 881,216 shares during the period. Kodai Capital Management LP purchased a new position in shares of Shift4 Payments in the 4th quarter valued at $59,520,000. Finally, Westfield Capital Management Co. LP raised its stake in shares of Shift4 Payments by 72.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after acquiring an additional 561,707 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.