Shift4 Payments’ (FOUR) “Buy” Rating Reaffirmed at Mizuho

Mizuho reissued their buy rating on shares of Shift4 Payments (NYSE:FOUR) in a report released on Wednesday, Benzinga reports. The firm currently has a $85.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Shift4 Payments from $80.00 to $94.00 and gave the company an outperform rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their price target on shares of Shift4 Payments from $60.00 to $85.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Benchmark reissued a buy rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 19th. Redburn Atlantic began coverage on Shift4 Payments in a research note on Wednesday, December 6th. They issued a sell rating and a $49.00 target price on the stock. Finally, The Goldman Sachs Group increased their target price on Shift4 Payments from $76.00 to $90.00 and gave the company a buy rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of Moderate Buy and an average target price of $85.00.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $65.62 on Wednesday. The business’s 50 day simple moving average is $75.98 and its 200 day simple moving average is $66.33. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 46.21, a PEG ratio of 0.49 and a beta of 1.61.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. The business had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. Sell-side analysts forecast that Shift4 Payments will post 2.86 EPS for the current year.

Insider Transactions at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares in the company, valued at $19,546,982. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently bought and sold shares of the stock. Durable Capital Partners LP raised its stake in Shift4 Payments by 7.1% in the fourth quarter. Durable Capital Partners LP now owns 4,576,010 shares of the company’s stock worth $255,936,000 after buying an additional 301,452 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Shift4 Payments by 6.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,171,922 shares of the company’s stock valued at $177,406,000 after purchasing an additional 179,965 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Shift4 Payments by 25.7% during the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after purchasing an additional 601,749 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Shift4 Payments by 31.6% during the fourth quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock valued at $191,065,000 after purchasing an additional 616,452 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Shift4 Payments by 2.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,083,024 shares of the company’s stock valued at $154,852,000 after purchasing an additional 57,466 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

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.