William Blair Reaffirms Outperform Rating for Shift4 Payments (NYSE:FOUR)

William Blair reaffirmed their outperform rating on shares of Shift4 Payments (NYSE:FOUR) in a research report released on Wednesday morning,RTT News reports.

A number of other research firms also recently commented on FOUR. Raymond James dropped their price objective on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a report on Friday, April 4th. BTIG Research dropped their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Stephens restated an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a research report on Monday, March 31st. Finally, Oppenheimer reduced their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

Shift4 Payments Stock Up 0.5 %

Shares of NYSE:FOUR opened at $82.13 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments has a fifty-two week low of $56.10 and a fifty-two week high of $127.50. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. The firm’s 50 day moving average price is $84.08 and its 200 day moving average price is $98.27.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.31. The business had revenue of $368.50 million during the quarter, compared to analysts’ expectations of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. As a group, equities research analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 over the last ninety days. 30.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moody National Bank Trust Division raised its holdings in Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after purchasing an additional 7,349 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Shift4 Payments in the fourth quarter valued at $812,000. Cerity Partners LLC raised its stake in shares of Shift4 Payments by 35.7% during the 4th quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock worth $480,000 after buying an additional 1,218 shares during the last quarter. Lebenthal Global Advisors LLC purchased a new stake in shares of Shift4 Payments in the 4th quarter worth about $328,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Shift4 Payments in the 4th quarter valued at about $358,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

About Shift4 Payments

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.