Shift4 Payments (NYSE:FOUR) Earns Strong-Buy Rating from Raymond James Financial

Key Points

• Shift4 Payments received a "strong-buy" rating from Raymond James Financial, with a new price target of $140.00, indicating a potential upside of 41.08% from its current price.
• Despite a recent trading decline of 3.7%, Shift4 Payments has shown a 39.7% year-over-year revenue increase, reporting $368.50 million during the last quarter.
• Insider sales indicate some executives are reducing their holdings, with a total of 13,757 shares sold worth over $1.25 million in the last three months.

Shift4 Payments (NYSE:FOUR - Get Free Report)'s stock had its "strong-buy" rating restated by equities researchers at Raymond James Financial in a note issued to investors on Friday,Benzinga reports. They currently have a $140.00 price target on the stock, up from their prior price target of $130.00. Raymond James Financial's target price points to a potential upside of 41.08% from the company's current price.

A number of other analysts also recently issued reports on the company. DA Davidson reissued a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th. Wall Street Zen cut Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. William Blair restated an "outperform" rating on shares of Shift4 Payments in a report on Wednesday, April 30th. Royal Bank Of Canada cut their target price on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays cut their target price on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.20.

Shift4 Payments Trading Down 3.7%

Shares of FOUR traded down $3.77 during midday trading on Friday, reaching $99.24. The company had a trading volume of 100,352 shares, compared to its average volume of 1,718,320. Shift4 Payments has a 1-year low of $57.45 and a 1-year high of $127.50. The stock has a market cap of $8.79 billion, a PE ratio of 33.43 and a beta of 1.80. The firm has a 50 day simple moving average of $98.34 and a 200-day simple moving average of $95.72. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12.

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

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the sale, the director owned 6,592 shares in the company, valued at $623,141.76. This trade represents a 29.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock worth $1,258,449 in the last three months. 25.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FOUR. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the 4th quarter valued at $26,000. Elequin Capital LP raised its position in shares of Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after purchasing an additional 114 shares during the period. SRH Advisors LLC acquired a new stake in shares of Shift4 Payments during the first quarter worth $26,000. Morse Asset Management Inc purchased a new position in shares of Shift4 Payments during the fourth quarter valued at $36,000. Finally, Banque Transatlantique SA purchased a new position in shares of Shift4 Payments during the first quarter valued at $27,000. Institutional investors and hedge funds 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.

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