Shift4 Payments (NYSE:FOUR) Coverage Initiated by Analysts at Truist Financial

Stock analysts at Truist Financial assumed coverage on shares of Shift4 Payments (NYSE:FOUR - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage set a "hold" rating and a $97.00 price target on the stock. Truist Financial's target price would suggest a potential upside of 0.98% from the stock's current price.

A number of other equities research analysts have also weighed in on the company. Piper Sandler cut their price objective on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Stephens reiterated an "overweight" rating and issued a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Raymond James decreased their price objective on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. Wall Street Zen lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company increased their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $115.35.

Shift4 Payments Trading Up 2.0%

Shares of NYSE FOUR traded up $1.91 during midday trading on Monday, reaching $96.06. The company had a trading volume of 1,052,613 shares, compared to its average volume of 1,678,781. The stock has a market cap of $8.51 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments has a one year low of $57.45 and a one year high of $127.50. The firm's fifty day moving average price is $84.04 and its 200-day moving average price is $97.40. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data 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. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business's quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33% 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. Corporate insiders own 25.15% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the 4th quarter worth approximately $26,000. SRH Advisors LLC bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $26,000. Rakuten Securities Inc. lifted its stake in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares in the last quarter. Banque Transatlantique SA bought a new position in Shift4 Payments in the 1st quarter worth $27,000. Finally, Valley National Advisers Inc. bought a new position in Shift4 Payments in the 4th quarter worth $31,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.