Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) PT at $114.40

Key Points

• Shift4 Payments, Inc. has received a consensus rating of "Moderate Buy" from 21 research firms, with an average 1-year price target of $114.40.
• The company reported $1.10 earnings per share (EPS) for the last quarter, missing expectations, but showing a 28.9% increase in revenue year-over-year.
• Insider transactions include Chairman Jared Isaacman purchasing 104,705 shares at an average price of $83.61, while Director Sarah Goldsmith-Grover sold 1,000 shares at $94.53.

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $114.40.

Several research firms have weighed in on FOUR. Wells Fargo & Company lifted their price objective on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. UBS Group lowered their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a research report on Monday, June 2nd. Wall Street Zen cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, DA Davidson reiterated a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th.

Insider Activity

In other Shift4 Payments news, insider James J. Whalen sold 794 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares in the company, valued at $5,062,964.36. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Jared Isaacman bought 104,705 shares of the business's stock in a transaction on Monday, August 11th. The stock was bought at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the transaction, the chairman owned 939,715 shares in the company, valued at approximately $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 14,551 shares of company stock worth $1,329,822. 25.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Durable Capital Partners LP increased its position in Shift4 Payments by 12.6% in the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company's stock worth $660,612,000 after purchasing an additional 745,650 shares during the last quarter. Wasatch Advisors LP increased its position in Shift4 Payments by 16.4% in the 2nd quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company's stock worth $628,215,000 after purchasing an additional 890,990 shares during the last quarter. Darlington Partners Capital Management LP increased its position in Shift4 Payments by 4.2% in the 2nd quarter. Darlington Partners Capital Management LP now owns 4,966,405 shares of the company's stock worth $492,220,000 after purchasing an additional 200,000 shares during the last quarter. Jennison Associates LLC increased its position in Shift4 Payments by 2.6% in the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company's stock worth $162,236,000 after purchasing an additional 41,548 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Shift4 Payments by 16.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,505,933 shares of the company's stock worth $149,253,000 after purchasing an additional 214,627 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded up $2.2880 on Monday, reaching $91.0380. 1,183,416 shares of the company traded hands, compared to its average volume of 2,478,720. Shift4 Payments has a fifty-two week low of $68.09 and a fifty-two week high of $127.50. The company's 50 day moving average is $97.13 and its 200-day moving average is $92.93. The stock has a market capitalization of $8.05 billion, a PE ratio of 33.72, a P/E/G ratio of 0.88 and a beta of 1.81. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The company had revenue of $413.40 million for the quarter, compared to analyst estimates of $967.84 million. During the same quarter last year, the company posted $0.96 EPS. Shift4 Payments's revenue was up 28.9% on a year-over-year basis. As a group, analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

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.