Shift4 Payments (NYSE:FOUR) Now Covered by Evercore ISI

Evercore ISI initiated coverage on shares of Shift4 Payments (NYSE:FOUR) in a research report report published on Wednesday morning, Marketbeat.com reports. The firm issued an in-line rating and a $80.00 target price on the stock.

A number of other equities analysts have also weighed in on FOUR. DA Davidson decreased their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Stephens reaffirmed an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Raymond James reduced their price objective on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating for the company in a report on Friday, April 4th. Oppenheimer lowered their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $154.00 price objective on shares of Shift4 Payments in a report on Tuesday, March 4th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.62.

Shift4 Payments Stock Down 4.7 %

Shares of Shift4 Payments stock traded down $3.91 during midday trading on Wednesday, hitting $79.46. The company had a trading volume of 711,236 shares, compared to its average volume of 1,594,881. The company has a 50 day moving average of $95.74 and a 200 day moving average of $99.62. The stock has a market capitalization of $7.08 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. On average, equities analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last 90 days. 30.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently modified their holdings of FOUR. Vanguard Group Inc. increased its stake in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after purchasing an additional 562,774 shares during the period. Cat Rock Capital Management LP bought a new position in shares of Shift4 Payments in the fourth quarter worth about $39,222,000. Darlington Partners Capital Management LP increased its stake in Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after buying an additional 367,500 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after buying an additional 350,703 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Shift4 Payments by 84.4% in the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock valued at $54,068,000 after buying an additional 238,478 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.