Redburn Atlantic Upgrades Shift4 Payments (NYSE:FOUR) to “Neutral”

Shift4 Payments (NYSE:FOUR) was upgraded by equities research analysts at Redburn Atlantic from a “sell” rating to a “neutral” rating in a report released on Friday, Marketbeat Ratings reports. The firm currently has a $53.00 target price on the stock. Redburn Atlantic’s price objective indicates a potential downside of 13.01% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods assumed coverage on Shift4 Payments in a research report on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and issued a $93.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 28th. Morgan Stanley increased their target price on shares of Shift4 Payments from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. UBS Group boosted their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, DA Davidson reiterated a “buy” rating and set a $96.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.95.

Shift4 Payments Stock Down 1.6 %

FOUR stock opened at $60.93 on Friday. The company’s 50 day simple moving average is $72.82 and its 200-day simple moving average is $67.48. Shift4 Payments has a 52-week low of $42.91 and a 52-week high of $92.30. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63. The firm has a market capitalization of $5.25 billion, a P/E ratio of 42.91, a P/E/G ratio of 0.98 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. As a group, equities research analysts anticipate that Shift4 Payments will post 2.84 EPS for the current year.

Insider Transactions at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the transaction, the insider now directly owns 243,880 shares in the company, valued at approximately $19,546,982. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.14% of the stock is owned by corporate insiders.

Institutional Trading of Shift4 Payments

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