Shift4 Payments’ (FOUR) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Shift4 Payments (NYSE:FOUR) in a research note released on Friday,Benzinga reports. The firm currently has a $67.00 price objective on the stock.

Several other equities research analysts have also issued reports on FOUR. Evercore set a $45.00 price objective on Shift4 Payments in a research note on Monday, May 18th. B. Riley Financial lowered their price objective on shares of Shift4 Payments from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Morgan Stanley set a $46.00 target price on Shift4 Payments in a report on Friday, August 7th. BMO Capital Markets set a $46.00 price objective on shares of Shift4 Payments in a research note on Friday, August 7th. Finally, UBS Group reduced their price objective on shares of Shift4 Payments from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments currently has an average rating of “Hold” and an average target price of $60.24.

Shift4 Payments Stock Up 0.3%

FOUR opened at $45.20 on Friday. The firm has a 50-day simple moving average of $47.65 and a two-hundred day simple moving average of $45.56. Shift4 Payments has a 52 week low of $34.56 and a 52 week high of $88.51. The company has a market capitalization of $3.57 billion, a PE ratio of 75.34, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.59.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%.The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $615.65 million. During the same quarter in the previous year, the company posted $1.10 EPS. The company’s revenue was up 50.9% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Analysts forecast that Shift4 Payments will post 4.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Shift4 Payments by 18.8% in the 2nd quarter. Cetera Investment Advisers now owns 5,443 shares of the company’s stock valued at $539,000 after acquiring an additional 860 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Shift4 Payments by 29.6% during the 2nd quarter. Prudential Financial Inc. now owns 5,410 shares of the company’s stock valued at $529,000 after buying an additional 1,235 shares during the last quarter. Cresset Asset Management LLC acquired a new position in Shift4 Payments in the second quarter valued at approximately $249,000. Finally, Cerity Partners LLC lifted its stake in shares of Shift4 Payments by 4.4% in the 2nd quarter. Cerity Partners LLC now owns 5,317 shares of the company’s stock valued at $527,000 after purchasing an additional 225 shares during the period. 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 commerce technology for businesses. Its platform combines payment acceptance, payment gateway services, acquiring, fraud prevention, reporting and other merchant services, allowing businesses to manage transactions across in-person, online and mobile channels.

The company serves a range of industries, including restaurants, hotels, resorts, sports and entertainment venues, gaming, retail and e-commerce. Its offerings include point-of-sale and payment solutions such as SkyTab for restaurants, as well as tools designed to support venue operations, online ordering, hotel payments and other specialized commerce needs.

Shift4 has expanded its operations internationally through organic growth and acquisitions, including the purchase of Finaro, a global payment processing company.