Shift4 Payments (NYSE:FOUR) Stock Rating Upgraded by Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) was upgraded by equities researchers at Wells Fargo & Company to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Mizuho decreased their price objective on shares of Shift4 Payments from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. DA Davidson set a $124.00 price target on Shift4 Payments in a research note on Wednesday. UBS Group reissued a “buy” rating on shares of Shift4 Payments in a research note on Wednesday. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $104.00 target price on shares of Shift4 Payments in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.05.

Shift4 Payments Trading Up 0.9%

NYSE:FOUR opened at $76.04 on Wednesday. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 0.76 and a beta of 1.69. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. Shift4 Payments has a 1 year low of $68.09 and a 1 year high of $127.50. The business has a fifty day moving average of $83.56 and a 200-day moving average of $88.79.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. Equities analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity

In related news, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the completion of the transaction, the chief executive officer owned 285,588 shares in the company, valued at $25,300,240.92. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the transaction, the insider directly owned 56,324 shares in the company, valued at $5,062,964.36. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. 25.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its position in Shift4 Payments by 54.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,199 shares of the company’s stock worth $98,000 after purchasing an additional 424 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Shift4 Payments by 5.6% in the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock worth $298,000 after buying an additional 194 shares during the period. Spire Wealth Management boosted its position in shares of Shift4 Payments by 24.0% in the first quarter. Spire Wealth Management now owns 1,012 shares of the company’s stock worth $83,000 after buying an additional 196 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Shift4 Payments by 1.1% during the first quarter. New York State Teachers Retirement System now owns 46,009 shares of the company’s stock valued at $3,759,000 after buying an additional 500 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in Shift4 Payments by 48.8% during the first quarter. Rice Hall James & Associates LLC now owns 343,751 shares of the company’s stock valued at $28,088,000 after buying an additional 112,717 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.