Shift4 Payments (NYSE:FOUR) Rating Lowered to Hold (C+) at Weiss Ratings

Shift4 Payments (NYSE:FOUR) was downgraded by Weiss Ratings from a “buy (b-)” rating to a “hold (c+)” rating in a research note issued on Saturday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the company. Oppenheimer lowered their target price on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Piper Sandler lowered their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Morgan Stanley lowered their target price on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a “buy” rating and a $120.00 target price for the company. Finally, Wells Fargo & Company raised Shift4 Payments to a “hold” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Shift4 Payments Stock Up 0.4%

FOUR stock opened at $76.26 on Friday. The company has a market cap of $6.74 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. The business has a 50-day simple moving average of $83.27 and a 200 day simple moving average of $88.95. Shift4 Payments has a 52 week low of $68.09 and a 52 week high of $127.50. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, August 5th. The company reported $1.10 EPS 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 analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The firm’s revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Sell-side analysts anticipate that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd boosted its holdings in Shift4 Payments by 955.5% in the third quarter. Bayforest Capital Ltd now owns 1,161 shares of the company’s stock valued at $90,000 after acquiring an additional 1,051 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in Shift4 Payments by 18.3% in the third quarter. Peregrine Capital Management LLC now owns 118,994 shares of the company’s stock valued at $9,210,000 after acquiring an additional 18,423 shares during the last quarter. HB Wealth Management LLC bought a new stake in Shift4 Payments in the third quarter valued at approximately $479,000. Asset Management One Co. Ltd. boosted its holdings in Shift4 Payments by 75.0% in the third quarter. Asset Management One Co. Ltd. now owns 2,187 shares of the company’s stock valued at $169,000 after acquiring an additional 937 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Shift4 Payments by 9.8% in the third quarter. Fulton Bank N.A. now owns 3,118 shares of the company’s stock valued at $241,000 after acquiring an additional 279 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Company Profile

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.