Shift4 Payments (NYSE:FOUR) Shares Gap Up - Should You Buy?

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $79.66, but opened at $88.00. Shift4 Payments shares last traded at $88.78, with a volume of 728,407 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Raymond James decreased their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a report on Friday, April 4th. BTIG Research dropped their price objective on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company boosted their target price on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday. Oppenheimer cut their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, UBS Group lowered their price objective on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $112.38.

Shift4 Payments Trading Down 0.4 %

The stock's 50 day moving average is $84.36 and its 200-day moving average is $98.35. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company has a market capitalization of $7.26 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period in the previous year, the company posted $0.54 earnings per share. The firm's revenue was up 39.7% on a year-over-year basis. As a group, equities research analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Large investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. increased its position in Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock valued at $81,000 after purchasing an additional 99 shares during the period. Elequin Capital LP increased its stake in shares of Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of Shift4 Payments by 41.7% during the 1st quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock valued at $34,000 after buying an additional 125 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of Shift4 Payments by 31.4% in the first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock valued at $43,000 after purchasing an additional 127 shares during the period. Finally, Perigon Wealth Management LLC boosted its stake in shares of Shift4 Payments by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

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.