Shift4 Payments (NYSE:FOUR) Shares Climb 5.6% Following Analyst Upgrade

Key Points

• Shift4 Payments shares rose 5.6% after Truist Financial raised its price target from $42 to $43, while maintaining a Hold rating.
• Analysts overall have a Hold consensus and an average price target of $54.36; ratings include 11 Buys, 11 Holds and one Sell.
• In its latest quarter, Shift4 reported earnings of $1.49 per share, beating the $1.36 estimate, while revenue grew 10% year over year to $1.32 billion.

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) traded up 5.6% during mid-day trading on Friday after Truist Financial raised their price target on the stock from $42.00 to $43.00. Truist Financial currently has a hold rating on the stock. Shift4 Payments traded as high as $42.97 and last traded at $43.8640. Approximately 230,652 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 2,038,658 shares. The stock had previously closed at $41.52.

FOUR has been the subject of several other reports. DA Davidson reduced their price objective on Shift4 Payments from $74.00 to $68.00 and set a "buy" rating for the company in a report on Monday, August 10th. Royal Bank Of Canada lowered their target price on shares of Shift4 Payments from $67.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, November 6th. BMO Capital Markets set a $46.00 price target on shares of Shift4 Payments in a research note on Friday, August 7th. The Goldman Sachs Group set a $48.00 target price on shares of Shift4 Payments in a report on Friday, August 7th. Finally, Wells Fargo & Company reduced their price objective on Shift4 Payments from $59.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $54.36.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in Shift4 Payments in the second quarter valued at $34,000. Cassaday & Co Wealth Management LLC acquired a new position in Shift4 Payments during the 1st quarter valued at approximately $87,000. Nykredit A S acquired a new position in shares of Shift4 Payments during the second quarter worth approximately $132,000. Syon Capital LLC bought a new position in Shift4 Payments in the 2nd quarter valued at about $201,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Shift4 Payments during the 2nd quarter valued at $215,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.07. The company has a market cap of $3.47 billion, a P/E ratio of 55.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50. The company's 50-day moving average price is $40.35 and its two-hundred day moving average price is $45.54.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.13. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $652.39 million. Shift4 Payments had a return on equity of 25.42% and a net margin of 2.34%. The business's revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 EPS. Shift4 Payments has set its FY 2026 guidance at 5.050-5.150 EPS. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 4.11 earnings per share for the current year.

About Shift4 Payments

Shift4 Payments, Inc. provides payment processing and commerce technology for businesses. Its platform supports transactions made in person, online and through mobile channels, combining payment acceptance and processing with tools for managing sales and operations. The company serves merchants in industries including restaurants, hotels, retail, entertainment and sports venues. Its offerings include point-of-sale systems, payment gateways and related software, such as its SkyTab restaurant technology platform.

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