The Goldman Sachs Group Reiterates Buy Rating for Shift4 Payments (NYSE:FOUR)

Key Points

• Goldman Sachs has reissued a "buy" rating on Shift4 Payments (NYSE: FOUR) with a target price of $104.00, indicating a potential upside of 23.36% from its current trading price.
• Shift4 Payments' stock recently traded down 2.5% to $84.30, and the company reported earnings of $1.10 per share, missing estimates, while its revenue rose 28.9% year-over-year.
• Institutional investors hold a large portion of Shift4 Payments' stock, with 98.87% owned by hedge funds and other institutional investors, showing strong interest in the company's potential.

Shift4 Payments (NYSE:FOUR - Get Free Report)'s stock had its "buy" rating restated by The Goldman Sachs Group in a research report issued to clients and investors on Wednesday, August 6th, Marketbeat Ratings reports. They currently have a $104.00 price target on the stock. The Goldman Sachs Group's price target points to a potential upside of 15.41% from the stock's current price.

Several other equities research analysts also recently issued reports on FOUR. BTIG Research reiterated a "buy" rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Wall Street Zen downgraded Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Thursday, July 17th. They issued a "buy" rating and a $120.00 price objective on the stock. UBS Group cut their price target on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Raymond James Financial restated a "strong-buy" rating and set a $140.00 price target (up previously from $130.00) on shares of Shift4 Payments in a report on Friday, August 1st. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.40.

Shift4 Payments Trading Up 3.6%

Shift4 Payments stock traded up $3.13 during trading on Wednesday, reaching $90.11. 2,273,137 shares of the company were exchanged, compared to its average volume of 1,850,522. Shift4 Payments has a 52-week low of $68.09 and a 52-week high of $127.50. The company has a market capitalization of $7.99 billion, a P/E ratio of 33.37, a PEG ratio of 0.81 and a beta of 1.81. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The stock's 50 day simple moving average is $97.74 and its two-hundred day simple moving average is $94.32.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business's revenue for the quarter was up 28.9% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. On average, equities research analysts expect that Shift4 Payments will post 3.7 earnings per share 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 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 transaction, the director directly owned 6,592 shares in the company, valued at $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the sale, the chief financial officer owned 167,622 shares of the company's stock, valued at approximately $15,141,295.26. This trade represents a 5.63% 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 valued at $1,258,449 in the last three months. 25.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in FOUR. Durable Capital Partners LP raised its position in shares of Shift4 Payments by 15.4% in the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company's stock valued at $483,706,000 after purchasing an additional 788,952 shares during the period. Darlington Partners Capital Management LP boosted its holdings in shares of 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. Jennison Associates LLC boosted its holdings in shares of Shift4 Payments by 2.6% during the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company's stock worth $162,236,000 after buying an additional 41,548 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Shift4 Payments by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,267,421 shares of the company's stock worth $125,635,000 after buying an additional 35,635 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Shift4 Payments by 13.0% in the first quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company's stock valued at $102,420,000 after purchasing an additional 144,111 shares during the last quarter. 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.