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

Royal Bank of Canada reiterated their outperform rating on shares of Shift4 Payments (NYSE:FOUR) in a report published on Tuesday morning,Benzinga reports. They currently have a $154.00 price objective on the stock.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group boosted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Morgan Stanley lowered their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Stephens restated an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Finally, Barclays reduced their price objective on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Shift4 Payments Trading Down 5.7 %

Shares of FOUR stock opened at $89.23 on Tuesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a market capitalization of $7.95 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a 50 day moving average price of $109.25 and a 200 day moving average price of $99.04. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

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

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its stake in shares of Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock worth $81,000 after purchasing an additional 99 shares during the period. Elequin Capital LP grew its stake in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after purchasing an additional 114 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock worth $419,000 after purchasing an additional 133 shares during the period. Triumph Capital Management grew its stake in Shift4 Payments by 3.2% in the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company’s stock valued at $452,000 after acquiring an additional 137 shares during the last quarter. Finally, MRP Capital Investments LLC increased its holdings in Shift4 Payments by 5.9% during the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company’s stock valued at $280,000 after acquiring an additional 150 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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.