Shift4 Payments, Inc. (NYSE:FOUR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Shift4 Payments, Inc. has received an average rating of "Moderate Buy" from 21 ratings firms, with 14 issuing buy recommendations and a target price of approximately $115.21.
• Recently, the company reported $1.10 EPS, which missed the consensus estimate of $1.20, while its revenue of $413.40 million also fell short of expectations.
• Insider trading activity includes CEO David Taylor Lauber selling 2,500 shares, while Chairman Jared Isaacman purchased 104,705 shares, reflecting a mix of confidence and caution among company executives.

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-one ratings firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $115.2105.

A number of research analysts have recently issued reports on FOUR shares. UBS Group reduced their price objective on Shift4 Payments from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $104.00 price objective on shares of Shift4 Payments in a research note on Wednesday, August 6th. Truist Financial raised their price objective on Shift4 Payments from $97.00 to $109.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. B. Riley reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Finally, Piper Sandler reduced their price objective on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th.

Shift4 Payments Trading Up 1.6%

Shares of FOUR opened at $86.95 on Friday. The business's 50-day moving average price is $95.18 and its 200-day moving average price is $90.47. Shift4 Payments has a twelve month low of $68.09 and a twelve month high of $127.50. The stock has a market cap of $7.69 billion, a PE ratio of 32.20, a P/E/G ratio of 0.85 and a beta of 1.72. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99.

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

Insiders Place Their Bets

In other news, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jared Isaacman purchased 104,705 shares of Shift4 Payments stock in a transaction dated Monday, August 11th. The shares were bought at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares of the company's stock, 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. Over the last three months, insiders sold 13,294 shares of company stock worth $1,196,148. Insiders own 25.15% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds have recently added to or reduced their stakes in FOUR. State of Wyoming purchased a new stake in Shift4 Payments in the second quarter worth about $174,000. General Equity Holdings LP purchased a new stake in Shift4 Payments in the second quarter worth about $6,026,000. Caxton Associates LLP purchased a new stake in Shift4 Payments in the second quarter worth about $5,173,000. Headlands Technologies LLC purchased a new stake in Shift4 Payments in the second quarter worth about $754,000. Finally, CANADA LIFE ASSURANCE Co increased its position in Shift4 Payments by 36.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 53,744 shares of the company's stock worth $5,334,000 after buying an additional 14,476 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.

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