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

Redburn Atlantic upgraded shares of Shift4 Payments (NYSE:FOUR) from a sell rating to a neutral rating in a research note issued to investors on Friday, MarketBeat reports. Redburn Atlantic currently has $53.00 price objective on the stock.

FOUR has been the subject of several other research reports. Morgan Stanley raised their target price on Shift4 Payments from $60.00 to $70.00 and gave the stock an equal weight rating in a research note on Wednesday, February 28th. The Goldman Sachs Group cut their price target on Shift4 Payments from $91.00 to $80.00 and set a buy rating on the stock in a report on Monday, April 15th. Wells Fargo & Company increased their price target on Shift4 Payments from $60.00 to $85.00 and gave the stock an overweight rating in a report on Friday, February 2nd. UBS Group increased their price target on Shift4 Payments from $75.00 to $100.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Finally, DA Davidson reiterated a buy rating and issued a $96.00 price target 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 nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $84.71.

Shift4 Payments Trading Down 1.6 %

NYSE FOUR opened at $60.91 on Friday. The business has a 50 day simple moving average of $72.82 and a 200 day simple moving average of $67.38. Shift4 Payments has a one year low of $42.91 and a one year high of $92.30. The stock has a market capitalization of $5.25 billion, a P/E ratio of 42.89, a P/E/G ratio of 0.98 and a beta of 1.57. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63.

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

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of large investors have recently bought and sold shares of FOUR. Wasatch Advisors LP increased its position in Shift4 Payments by 34.3% in the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after buying an additional 881,216 shares during the last quarter. Kodai Capital Management LP purchased a new position in shares of Shift4 Payments in the fourth quarter valued at $59,520,000. Durable Capital Partners LP grew its position in shares of Shift4 Payments by 52.0% in the first quarter. Durable Capital Partners LP now owns 2,305,940 shares of the company’s stock valued at $142,807,000 after purchasing an additional 789,002 shares in the last quarter. Jennison Associates LLC grew its position in shares of Shift4 Payments by 25.7% in the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after purchasing an additional 601,749 shares in the last quarter. Finally, Foxhaven Asset Management LP purchased a new position in shares of Shift4 Payments in the fourth quarter valued at $38,879,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.