Shift4 Payments (NYSE:FOUR) Sees Large Volume Increase

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 771,071 shares were traded during trading, a decline of 44% from the previous session's volume of 1,379,677 shares.The stock last traded at $58.97 and had previously closed at $58.71.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods assumed coverage on Shift4 Payments in a report on Tuesday, January 16th. They issued an "outperform" rating and a $95.00 price objective for the company. UBS Group lifted their target price on shares of Shift4 Payments from $75.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $94.00 price target on shares of Shift4 Payments in a report on Wednesday, April 3rd. Piper Sandler restated an "overweight" rating and set a $93.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 28th. Finally, Morgan Stanley lifted their target price on Shift4 Payments from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus price target of $84.95.

Shift4 Payments Price Performance

The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The business's fifty day moving average is $68.34 and its 200 day moving average is $68.12. The company has a market cap of $5.26 billion, a P/E ratio of 42.71, a PEG ratio of 0.94 and a beta of 1.59.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $269.30 million during the quarter, compared to analysts' expectations of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 2.84 EPS for the current year.

Insider Activity at Shift4 Payments

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Scout Investments Inc. purchased a new position in shares of Shift4 Payments during the 1st quarter valued at about $34,108,000. Sheets Smith Wealth Management purchased a new position in shares of Shift4 Payments during the first quarter worth approximately $219,000. Qsemble Capital Management LP lifted its holdings in shares of Shift4 Payments by 46.9% in the 1st quarter. Qsemble Capital Management LP now owns 4,478 shares of the company's stock worth $296,000 after acquiring an additional 1,429 shares during the last quarter. Horizon Investment Services LLC purchased a new stake in shares of Shift4 Payments in the 1st quarter valued at $548,000. Finally, Swiss National Bank grew its holdings in shares of Shift4 Payments by 0.9% during the 1st quarter. Swiss National Bank now owns 101,000 shares of the company's stock valued at $6,673,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

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.