Shift4 Payments - FOUR Stock Forecast, Price & News

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. The company also offers suite of technology solutions, such as Lighthouse, a cloud-based business intelligence tool that includes customer engagement, social media management, online reputation management, scheduling, and product pricing, as well as reporting and analytics; integrated POS for merchants business; and Skytab, a mobile payment solution. In addition, it provides marketplace technology that enable seamless integrations into third-party applications, which includes online delivery services, payroll, timekeeping, and other human resource services. Further, the company offers merchant management, training and education, marketing management, and incentives tracking solutions. Additionally, it provides merchant underwriting, onboarding and activation, training, risk management, and support services; and software integrations and compliance management, and partner support and services. The company was founded in 1998 and is headquartered in Allentown, Pennsylvania.

Shift4 Payments Trading Up 5.7 %

Shares of FOUR traded up $2.60 during midday trading on Thursday, reaching $48.22. The company had a trading volume of 1,010,161 shares, compared to its average volume of 1,064,048. Shift4 Payments has a 1-year low of $29.39 and a 1-year high of $89.47. The stock has a market cap of $4.06 billion, a PE ratio of -160.73 and a beta of 1.99. The firm has a 50 day simple moving average of $36.83 and a 200-day simple moving average of $46.89. The company has a quick ratio of 5.51, a current ratio of 4.66 and a debt-to-equity ratio of 6.50.

Shift4 Payments (NYSE:FOUR - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. Shift4 Payments had a positive return on equity of 6.81% and a negative net margin of 0.94%. The business had revenue of $506.70 million during the quarter, compared to the consensus estimate of $476.34 million. During the same period last year, the company earned $0.08 EPS. The company's revenue for the quarter was up 44.4% on a year-over-year basis. Research analysts forecast that Shift4 Payments will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on FOUR. Morgan Stanley lifted their price objective on shares of Shift4 Payments from $26.00 to $30.00 and gave the stock an "underweight" rating in a research note on Monday. Piper Sandler decreased their price objective on Shift4 Payments from $70.00 to $44.00 and set an "overweight" rating for the company in a report on Wednesday, July 6th. Credit Suisse Group boosted their target price on shares of Shift4 Payments to $60.00 in a report on Tuesday. Citigroup dropped their price target on Shift4 Payments from $81.00 to $65.00 in a research note on Friday, May 6th. Finally, Wolfe Research dropped their price target on Shift4 Payments from $65.00 to $48.00 in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $62.00.

Insiders Place Their Bets

In other Shift4 Payments news, CEO Jared Isaacman purchased 27,728 shares of the stock in a transaction dated Thursday, June 16th. The stock was acquired at an average cost of $31.60 per share, for a total transaction of $876,204.80. Following the acquisition, the chief executive officer now owns 362,470 shares in the company, valued at approximately $11,454,052. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 36.59% of the company's stock.