Shift4 Payments (NYSE:FOUR) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments (NYSE:FOUR - Free Report) in a research note released on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $120.00 target price on the stock.

FOUR has been the subject of a number of other reports. Truist Financial initiated coverage on Shift4 Payments in a research report on Monday, June 2nd. They issued a "hold" rating and a $97.00 price objective for the company. Barclays cut their price objective on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company raised their price objective on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Susquehanna raised their price objective on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Finally, Evercore ISI began coverage on Shift4 Payments in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and an average price target of $116.70.

Shift4 Payments Stock Up 0.4%

FOUR stock traded up $0.47 during mid-day trading on Thursday, reaching $106.58. The company had a trading volume of 789,849 shares, compared to its average volume of 1,687,480. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50 day simple moving average of $95.55 and a two-hundred day simple moving average of $95.70. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 36.01 and a beta of 1.80. Shift4 Payments has a 52 week low of $57.45 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The firm had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The business's revenue was up 39.7% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, equities analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the sale, the director owned 7,474 shares in the company, valued at $706,517.22. The trade was a 11.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the sale, the chief financial officer owned 167,622 shares in the company, valued at $15,141,295.26. This trade represents a 5.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,757 shares of company stock worth $1,258,449. Insiders own 25.15% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently made changes to their positions in the stock. Durable Capital Partners LP raised its stake in Shift4 Payments by 15.4% during the 1st quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company's stock worth $483,706,000 after buying an additional 788,952 shares during the period. Perpetual Ltd acquired a new position in Shift4 Payments during the 1st quarter worth approximately $56,863,000. Vanguard Group Inc. raised its stake in Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after buying an additional 562,774 shares during the period. Cat Rock Capital Management LP acquired a new position in Shift4 Payments during the 4th quarter worth approximately $39,222,000. Finally, Darlington Partners Capital Management LP raised its stake in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after buying an additional 367,500 shares during the period. Institutional investors own 98.87% of the company's stock.

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.