Oppenheimer Initiates Coverage on Shift4 Payments (NYSE:FOUR)

Investment analysts at Oppenheimer began coverage on shares of Shift4 Payments (NYSE:FOUR) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $109.00 price target on the stock. Oppenheimer’s target price points to a potential upside of 22.61% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Wells Fargo & Company lifted their target price on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Stephens restated an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a report on Friday, August 9th. DA Davidson increased their target price on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. William Blair started coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.20.

Shift4 Payments Trading Up 0.7 %

NYSE FOUR opened at $88.90 on Tuesday. The stock has a market cap of $7.78 billion, a PE ratio of 59.66, a PEG ratio of 0.85 and a beta of 1.64. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The company’s 50-day moving average price is $78.22 and its 200-day moving average price is $71.25. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. During the same period in the prior year, the firm earned $0.58 EPS. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities research analysts forecast that Shift4 Payments will post 3.13 earnings per share for the current year.

Insider Activity

In related news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several large investors have recently added to or reduced their stakes in FOUR. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the period. Quarry LP acquired a new stake in Shift4 Payments during the 2nd quarter valued at approximately $60,000. CWM LLC lifted its stake in Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Shift4 Payments by 52,033.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter worth $112,000. 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.