Shift4 Payments (NYSE:FOUR) Upgraded at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) was upgraded by research analysts at Wells Fargo & Company to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

FOUR has been the topic of several other reports. Keefe, Bruyette & Woods reduced their target price on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. UBS Group restated a “buy” rating on shares of Shift4 Payments in a report on Wednesday. Weiss Ratings upgraded Shift4 Payments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Finally, DA Davidson set a $124.00 price target on Shift4 Payments in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.05.

Shift4 Payments Stock Performance

FOUR stock opened at $75.32 on Wednesday. The business’s 50-day moving average price is $83.82 and its two-hundred day moving average price is $88.78. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm has a market cap of $6.66 billion, a PE ratio of 27.90, a P/E/G ratio of 0.77 and a beta of 1.69. Shift4 Payments has a 1-year low of $68.09 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $413.40 million for the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. As a group, research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the sale, the insider owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jared Isaacman bought 104,705 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the transaction, the chairman owned 939,715 shares of the company’s stock, valued at $78,569,571.15. The trade was a 12.54% increase in their position. The disclosure for this purchase can be found here. 25.15% of the stock is owned by company insiders.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of FOUR. SRH Advisors LLC bought a new stake in Shift4 Payments in the first quarter valued at approximately $26,000. Banque Transatlantique SA bought a new stake in Shift4 Payments in the first quarter valued at approximately $27,000. Allworth Financial LP raised its stake in Shift4 Payments by 410.9% in the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 226 shares during the period. Harbour Investments Inc. bought a new stake in Shift4 Payments in the first quarter valued at approximately $32,000. Finally, Valley National Advisers Inc. raised its stake in Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the period. 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.