Shift4 Payments (NYSE:FOUR) Now Covered by Oppenheimer

Oppenheimer assumed coverage on shares of Shift4 Payments (NYSE:FOUR) in a report published on Tuesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $109.00 price objective on the stock.

FOUR has been the topic of several other reports. Wells Fargo & Company increased their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an overweight rating in a research report on Friday, September 20th. Morgan Stanley raised their price target on Shift4 Payments from $66.00 to $70.00 and gave the stock an equal weight rating in a research report on Friday, August 9th. Susquehanna reissued a positive rating and issued a $97.00 price target on shares of Shift4 Payments in a report on Thursday, September 12th. DA Davidson increased their price objective on Shift4 Payments from $96.00 to $104.00 and gave the company a buy rating in a research note on Friday, August 9th. Finally, Stephens reissued an overweight rating and issued a $90.00 target price on shares of Shift4 Payments in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of Moderate Buy and an average target price of $89.16.

Shift4 Payments Stock Up 2.7 %

FOUR opened at $91.61 on Tuesday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 61.48, a PEG ratio of 0.85 and a beta of 1.64. Shift4 Payments has a one year low of $42.91 and a one year high of $92.30. The business’s fifty day moving average is $78.64 and its two-hundred day moving average is $71.38.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The business had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. Analysts anticipate that Shift4 Payments will post 3.13 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Shift4 Payments 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 transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently made changes to their positions in the business. Thematics Asset Management purchased a new position in Shift4 Payments in the fourth quarter valued at about $17,842,000. Seven Eight Capital LP acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at about $1,438,000. Natixis Investment Managers International purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at about $116,000. Tabor Asset Management LP acquired a new position in Shift4 Payments during the 4th quarter worth approximately $5,255,000. Finally, Wasatch Advisors LP boosted its holdings in Shift4 Payments by 31.6% in the 4th quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock worth $191,065,000 after acquiring an additional 616,452 shares during the period. 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.