UBS Group started coverage on shares of Shift4 Payments (NYSE:FOUR – Get Rating) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $60.00 price objective on the stock.
Other analysts also recently issued research reports about the stock. Wolfe Research cut their price objective on shares of Shift4 Payments from $65.00 to $48.00 in a report on Wednesday, July 20th. Truist Financial lowered their price objective on shares of Shift4 Payments from $80.00 to $55.00 and set a buy rating for the company in a research report on Thursday, June 30th. Piper Sandler lowered their price objective on shares of Shift4 Payments from $70.00 to $44.00 and set an overweight rating for the company in a research report on Wednesday, July 6th. The Goldman Sachs Group lowered their price objective on shares of Shift4 Payments from $55.00 to $38.00 and set a neutral rating for the company in a research report on Thursday, July 14th. Finally, Royal Bank of Canada lowered their price objective on shares of Shift4 Payments from $77.00 to $65.00 in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $61.87.
Get Shift4 Payments alerts:Shift4 Payments Stock Performance
Shares of FOUR stock opened at $48.75 on Wednesday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of -162.49 and a beta of 1.72. The company has a debt-to-equity ratio of 6.50, a quick ratio of 4.66 and a current ratio of 4.66. The company has a 50-day simple moving average of $41.63 and a 200 day simple moving average of $46.08. Shift4 Payments has a 52 week low of $29.39 and a 52 week high of $87.66.
Shift4 Payments (NYSE:FOUR – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.12 by $0.11. The business had revenue of $506.70 million during the quarter, compared to the consensus estimate of $476.34 million. Shift4 Payments had a negative net margin of 0.94% and a positive return on equity of 6.81%. Shift4 Payments's revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, sell-side analysts predict that Shift4 Payments will post 0.62 earnings per share for the current year.Institutional Investors Weigh In On Shift4 Payments
Several large investors have recently modified their holdings of FOUR. Elequin Capital LP acquired a new position in Shift4 Payments in the first quarter valued at $30,000. Crewe Advisors LLC acquired a new stake in Shift4 Payments during the 2nd quarter worth about $29,000. Advisors Asset Management Inc. acquired a new stake in Shift4 Payments during the 1st quarter worth about $58,000. Neo Ivy Capital Management acquired a new stake in Shift4 Payments during the 2nd quarter worth about $34,000. Finally, Icapital Wealth LLC acquired a new stake in Shift4 Payments during the 1st quarter worth about $66,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Shift4 Payments Company Profile
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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.
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