Shift4 Payments (NYSE:FOUR) Now Covered by William Blair

William Blair started coverage on shares of Shift4 Payments (NYSE:FOUR) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The firm issued an outperform rating on the stock.

A number of other equities analysts also recently commented on FOUR. Mizuho decreased their target price on Shift4 Payments from $85.00 to $75.00 and set a buy rating for the company in a report on Monday, May 13th. DA Davidson raised their target price on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a buy rating in a research report on Friday, August 9th. Wedbush initiated coverage on shares of Shift4 Payments in a research note on Friday, May 24th. They set a neutral rating and a $75.00 target price on the stock. Stephens restated an overweight rating and issued a $90.00 price objective on shares of Shift4 Payments in a report on Friday, August 9th. Finally, The Goldman Sachs Group upped their target price on Shift4 Payments from $80.00 to $90.00 and gave the stock a buy rating in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $85.44.

Shift4 Payments Trading Down 2.3 %

Shares of FOUR opened at $75.71 on Wednesday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 50.81, a PEG ratio of 0.84 and a beta of 1.64. 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 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The firm has a fifty day simple moving average of $73.36 and a two-hundred day simple moving average of $70.64.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same period last year, the firm earned $0.58 earnings per share. Shift4 Payments’s quarterly revenue was up 40.6% on a year-over-year basis. On average, research analysts anticipate that Shift4 Payments will post 3.05 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares in the last quarter. Quarry LP purchased a new position in Shift4 Payments in the 2nd quarter worth about $60,000. CWM LLC lifted its stake in Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Shift4 Payments by 52,033.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Clear Street Markets LLC bought a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $112,000. Institutional investors own 98.87% of the company’s stock.

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.