Shift4 Payments (NYSE:FOUR) Rating Reiterated by Mizuho

Shift4 Payments (NYSE:FOUR)‘s stock had its “buy” rating restated by investment analysts at Mizuho in a note issued to investors on Wednesday, Benzinga reports. They currently have a $85.00 target price on the stock. Mizuho’s target price points to a potential upside of 28.67% from the company’s previous close.

FOUR has been the subject of several other research reports. Redburn Atlantic initiated coverage on shares of Shift4 Payments in a report on Wednesday, December 6th. They issued a “sell” rating and a $49.00 price target for the company. Evercore ISI decreased their target price on Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. DA Davidson reaffirmed a “buy” rating and issued a $96.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 28th. Raymond James lifted their price objective on Shift4 Payments from $75.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th. Finally, Royal Bank of Canada lifted their price objective on Shift4 Payments from $80.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shift4 Payments Trading Up 0.7 %

NYSE FOUR opened at $66.06 on Wednesday. The company’s fifty day simple moving average is $75.84 and its 200-day simple moving average is $66.33. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The stock has a market cap of $5.69 billion, a P/E ratio of 46.52, a PEG ratio of 0.47 and a beta of 1.61.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The company had revenue of $269.30 million during the quarter, compared to the consensus estimate of $278.85 million. Equities research analysts predict that Shift4 Payments will post 2.86 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 32.14% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Large investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC grew its stake in Shift4 Payments by 358.6% in the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock valued at $34,000 after acquiring an additional 355 shares during the period. Fortis Capital Advisors LLC boosted its position in shares of Shift4 Payments by 1,873.9% during the first quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock valued at $34,000 after buying an additional 431 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Shift4 Payments during the second quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Shift4 Payments during the third quarter valued at approximately $35,000. Finally, State of Wyoming purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $36,000. 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.