Shift4 Payments (NYSE:FOUR) Given "Outperform" Rating at Royal Bank of Canada

Shift4 Payments (NYSE:FOUR - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $94.00 target price on the stock. Royal Bank of Canada's price objective suggests a potential upside of 36.05% from the stock's previous close.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group increased their price objective on Shift4 Payments from $76.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. UBS Group raised their price target on Shift4 Payments from $75.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. DA Davidson restated a "buy" rating and issued a $96.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 28th. Mizuho restated a "buy" rating and issued a $85.00 price target on shares of Shift4 Payments in a research note on Wednesday, March 27th. Finally, Evercore ISI cut their price target on Shift4 Payments from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

Shift4 Payments Trading Up 3.0 %

NYSE:FOUR traded up $1.98 during trading hours on Wednesday, reaching $69.09. 2,667,578 shares of the stock were exchanged, compared to its average volume of 1,440,831. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The business has a 50-day moving average of $75.30 and a two-hundred day moving average of $66.66. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $92.30. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 0.46 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). The firm had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. On average, equities analysts predict that Shift4 Payments will post 2.86 EPS for the current year.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now owns 243,880 shares in the company, valued at $19,546,982. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently modified their holdings of FOUR. Belpointe Asset Management LLC lifted its position in shares of Shift4 Payments by 358.6% during the 1st quarter. Belpointe Asset Management LLC now owns 454 shares of the company's stock valued at $34,000 after acquiring an additional 355 shares during the period. Fortis Capital Advisors LLC lifted its position in shares of Shift4 Payments by 1,873.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 454 shares of the company's stock valued at $34,000 after acquiring an additional 431 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Shift4 Payments during the 2nd quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Shift4 Payments during the 3rd quarter valued at approximately $35,000. Finally, State of Wyoming acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $36,000. 98.87% of the stock is currently 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.