Shift4 Payments (NYSE:FOUR) Trading 3.5% Higher on Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOURGet Rating) rose 3.5% on Friday after Truist Financial raised their price target on the stock from $55.00 to $80.00. Truist Financial currently has a buy rating on the stock. Shift4 Payments traded as high as $62.46 and last traded at $62.31. Approximately 2,122 shares were traded during trading, a decline of 100% from the average daily volume of 1,146,861 shares. The stock had previously closed at $60.23.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada decreased their price objective on Shift4 Payments from $65.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, November 8th. Piper Sandler restated an “overweight” rating and set a $69.00 price objective on shares of Shift4 Payments in a research note on Thursday, December 29th. The Goldman Sachs Group upgraded Shift4 Payments from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $48.00 to $67.00 in a research note on Monday, January 9th. Morgan Stanley upped their target price on Shift4 Payments from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Monday, October 24th. Finally, Wolfe Research upped their target price on Shift4 Payments from $55.00 to $70.00 in a research report on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.71.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Crewe Advisors LLC acquired a new position in shares of Shift4 Payments in the second quarter valued at about $29,000. Neo Ivy Capital Management acquired a new position in shares of Shift4 Payments in the second quarter valued at about $34,000. FNY Investment Advisers LLC acquired a new stake in Shift4 Payments during the fourth quarter worth about $47,000. Captrust Financial Advisors grew its holdings in Shift4 Payments by 419.7% during the second quarter. Captrust Financial Advisors now owns 1,502 shares of the company’s stock worth $50,000 after acquiring an additional 1,213 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Shift4 Payments by 47.6% during the second quarter. Asset Management One Co. Ltd. now owns 1,669 shares of the company’s stock worth $55,000 after acquiring an additional 538 shares during the period. 66.89% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Performance

The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 144.25 and a beta of 1.18. The firm has a fifty day moving average of $52.16 and a 200 day moving average of $46.04. The company has a debt-to-equity ratio of 4.13, a current ratio of 3.33 and a quick ratio of 3.31.

Shift4 Payments (NYSE:FOURGet Rating) last posted its earnings results on Monday, November 7th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $196.70 million for the quarter, compared to analyst estimates of $189.35 million. Shift4 Payments had a return on equity of 8.53% and a net margin of 1.97%. On average, sell-side analysts anticipate that Shift4 Payments, Inc. will post 0.75 earnings per share for the current fiscal year.

Shift4 Payments Company Profile

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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.

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