Shift4 Payments (NYSE:FOUR) Receives New Coverage from Analysts at William Blair

William Blair began coverage on shares of Shift4 Payments (NYSE:FOUR) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage issued an outperform rating on the stock.

FOUR has been the subject of several other research reports. Wedbush initiated coverage on Shift4 Payments in a report on Friday, May 24th. They set a neutral rating and a $75.00 price target for the company. Wells Fargo & Company cut their price objective on Shift4 Payments from $100.00 to $75.00 and set an overweight rating for the company in a research note on Friday, May 10th. Stephens reaffirmed an overweight rating and set a $90.00 price target on shares of Shift4 Payments in a report on Friday, August 9th. The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, July 11th. Finally, DA Davidson raised their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a buy rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of Moderate Buy and an average target price of $85.44.

Shift4 Payments Trading Down 2.3 %

Shift4 Payments stock opened at $75.71 on Wednesday. Shift4 Payments has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a market cap of $6.63 billion, a P/E ratio of 50.81, a P/E/G ratio of 0.84 and a beta of 1.64. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The business has a 50-day simple moving average of $73.36 and a two-hundred day simple moving average of $70.64.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. Analysts predict that Shift4 Payments will post 3.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FOUR. Wasatch Advisors LP lifted its position in Shift4 Payments by 34.3% during the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after purchasing an additional 881,216 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Shift4 Payments by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after acquiring an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after acquiring an additional 1,716,132 shares in the last quarter. Janus Henderson Group PLC increased its stake in Shift4 Payments by 21.7% during the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after acquiring an additional 255,741 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Shift4 Payments by 72.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after purchasing an additional 561,707 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other 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.