Shift4 Payments, Inc. (NYSE:FOUR) Receives $114.40 Average PT from Analysts

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 been assigned an average rating of "Moderate Buy" from the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $114.40.

Several equities research analysts have recently weighed in on FOUR shares. William Blair reiterated an "outperform" rating on shares of Shift4 Payments in a research note on Wednesday, April 30th. Benchmark raised shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods dropped their price target on shares of Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Susquehanna lifted their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada cut their target price on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the completion of the sale, the director directly owned 7,474 shares of the company's stock, valued at $706,517.22. This represents a 11.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the sale, the director owned 6,592 shares of the company's stock, valued at $623,141.76. This trade represents a 29.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,551 shares of company stock worth $1,329,822 over the last quarter. 25.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

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

Shift4 Payments Trading Down 2.1%

NYSE:FOUR traded down $1.8850 during trading hours on Monday, reaching $88.6150. 503,637 shares of the stock were exchanged, compared to its average volume of 1,843,017. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The business has a 50-day moving average of $97.18 and a two-hundred day moving average of $93.32. Shift4 Payments has a twelve month low of $68.09 and a twelve month high of $127.50. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 0.89 and a beta of 1.81.

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

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.