Shift4 Payments (NYSE:FOUR) Announces Earnings Results

Shift4 Payments (NYSE:FOUR) posted its quarterly earnings data on Tuesday. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91, reports. The company had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%.

Shift4 Payments Price Performance

Shares of FOUR opened at $98.86 on Friday. The firm has a fifty day moving average price of $90.32 and a 200 day moving average price of $77.37. The stock has a market cap of $8.76 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FOUR. DA Davidson raised their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer began coverage on Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price target on the stock. Piper Sandler increased their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.15.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FOUR. Waldron Private Wealth LLC purchased a new position in Shift4 Payments during the third quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments during the third quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments during the third quarter valued at about $32,000. J.Safra Asset Management Corp raised its position in shares of Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments in the 3rd quarter worth about $56,000. Institutional investors and hedge funds 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.