Shift4 Payments (NYSE:FOUR) Share Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Shift4 Payments shares rose above their 50-day moving average of $40.57, reaching $43.12 and last trading near $42.09, while remaining below the 200-day average of $46.40.
• Analyst sentiment is mixed: the consensus rating is Hold, with 11 Buy, 10 Hold, and 2 Sell ratings and an average price target of $56.36. Recent targets range from $46 to $63, while Zacks downgraded the stock to Strong Sell.
• The company reported quarterly EPS of $1.32, beating estimates of $1.26, while revenue rose 50.9% year over year to $1.29 billion. Institutional investors own approximately 98.87% of outstanding shares.

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $40.57 and traded as high as $43.12. Shift4 Payments shares last traded at $42.0870, with a volume of 1,963,465 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on FOUR. BMO Capital Markets set a $46.00 target price on Shift4 Payments in a research note on Friday, August 7th. Susquehanna decreased their price target on Shift4 Payments from $78.00 to $63.00 and set a "positive" rating for the company in a research note on Monday, October 5th. Raymond James Financial lowered their price target on Shift4 Payments from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, October 13th. Zacks Research cut Shift4 Payments from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 8th. Finally, Wells Fargo & Company upgraded Shift4 Payments from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $55.00 to $59.00 in a report on Tuesday, August 25th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.36.

Shift4 Payments Price Performance

The firm has a fifty day moving average price of $40.57 and a two-hundred day moving average price of $46.40. The stock has a market capitalization of $3.32 billion, a P/E ratio of 70.15, a PEG ratio of 0.62 and a beta of 1.39. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.21 and a current ratio of 1.21.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.26 by $0.06. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $615.65 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. Shift4 Payments's revenue was up 50.9% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. As a group, analysts expect that Shift4 Payments, Inc. will post 4.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Spyglass Capital Management LLC increased its position in shares of Shift4 Payments by 4.7% during the 2nd quarter. Spyglass Capital Management LLC now owns 1,833,803 shares of the company's stock valued at $89,196,000 after purchasing an additional 82,663 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Shift4 Payments by 27.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 847,726 shares of the company's stock worth $37,071,000 after purchasing an additional 183,938 shares during the period. Schwartz Investment Counsel Inc. boosted its holdings in shares of Shift4 Payments by 55.5% in the first quarter. Schwartz Investment Counsel Inc. now owns 445,691 shares of the company's stock worth $19,490,000 after buying an additional 159,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Shift4 Payments by 5.0% in the first quarter. Principal Financial Group Inc. now owns 151,954 shares of the company's stock worth $6,645,000 after buying an additional 7,214 shares during the last quarter. Finally, Swiss National Bank grew its position in Shift4 Payments by 0.7% during the first quarter. Swiss National Bank now owns 120,200 shares of the company's stock valued at $5,256,000 after buying an additional 800 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

About Shift4 Payments

Shift4 Payments, Inc NYSE: FOUR is a payment technology company that provides integrated commerce solutions for businesses and organizations. Its platform supports payment acceptance across in-person, online and mobile channels, combining payment processing with point-of-sale, commerce management and reporting tools.

The company serves merchants and enterprises in industries including restaurants, hospitality, hotels, sports and entertainment venues, gaming, retail and e-commerce. Its offerings include payment gateways, point-of-sale systems, mobile and contactless payment capabilities, fraud prevention, chargeback management and business analytics.

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