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 report released on Friday, Marketbeat Ratings reports. Redburn Atlantic currently has $53.00 price target on the stock.

Several other analysts also recently commented on FOUR. The Goldman Sachs Group cut their target price on Shift4 Payments from $91.00 to $80.00 and set a buy rating on the stock in a research note on Monday, April 15th. Evercore ISI cut their target price on Shift4 Payments from $110.00 to $105.00 and set an outperform rating on the stock in a research note on Wednesday, February 28th. DA Davidson reiterated a buy rating and set a $96.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated an outperform rating and set a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Finally, UBS Group raised their price target on Shift4 Payments from $75.00 to $100.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $84.71.

Shift4 Payments Stock Down 1.6 %

FOUR stock opened at $60.91 on Friday. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $92.30. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The firm has a market cap of $5.25 billion, a PE ratio of 42.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57. The business has a 50 day moving average of $72.82 and a 200 day moving average of $67.38.

Shift4 Payments (NYSE:FOUR) last issued 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 net margin of 3.36% and a return on equity of 27.35%. The business had revenue of $269.30 million for the quarter, compared to analysts’ expectations of $278.85 million. On average, research analysts forecast that Shift4 Payments will post 2.84 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments 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 transaction, the insider now directly owns 243,880 shares in the company, valued at $19,546,982. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently bought and sold shares of FOUR. PNC Financial Services Group Inc. raised its holdings in Shift4 Payments by 26.9% during the first quarter. PNC Financial Services Group Inc. now owns 14,563 shares of the company’s stock valued at $903,000 after acquiring an additional 3,090 shares during the period. MetLife Investment Management LLC bought a new stake in Shift4 Payments during the first quarter valued at about $172,000. Great West Life Assurance Co. Can raised its holdings in Shift4 Payments by 21.2% during the first quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock valued at $153,000 after acquiring an additional 405 shares during the period. Allianz Asset Management GmbH raised its holdings in Shift4 Payments by 61.2% during the first quarter. Allianz Asset Management GmbH now owns 222,080 shares of the company’s stock valued at $13,753,000 after acquiring an additional 84,283 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Shift4 Payments by 338.1% during the first quarter. Baird Financial Group Inc. now owns 31,524 shares of the company’s stock valued at $1,952,000 after acquiring an additional 24,329 shares during the period. 98.87% of the stock is owned by institutional investors.

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.