Shift4 Payments (NYSE:FOUR) Now Covered by Truist Financial

Truist Financial began coverage on shares of Shift4 Payments (NYSE:FOUR) in a report released on Monday, MarketBeat.com reports. The firm issued a hold rating and a $97.00 target price on the stock.

FOUR has been the subject of several other reports. DA Davidson reduced their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Piper Sandler cut their price target on Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Susquehanna increased their price target on Shift4 Payments from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, April 30th. Barclays cut their price target on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, UBS Group cut their price target on Shift4 Payments from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $115.35.

Shift4 Payments Trading Up 0.3%

NYSE:FOUR opened at $95.04 on Monday. 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 firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 30.96, 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 business has a fifty day moving average price of $83.67 and a 200-day moving average price of $97.44.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Shift4 Payments’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. Sell-side analysts forecast that Shift4 Payments will post 3.7 EPS for the current year.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders own 25.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter worth about $26,000. SRH Advisors LLC purchased a new position in shares of Shift4 Payments during the first quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its position in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after buying an additional 157 shares during the period. Banque Transatlantique SA purchased a new position in shares of Shift4 Payments during the first quarter valued at approximately $27,000. Finally, Valley National Advisers Inc. purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $31,000. Hedge funds and other 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.