Shift4 Payments (NYSE:FOUR) Sets New 52-Week High – Still a Buy?

Shift4 Payments, Inc. (NYSE:FOUR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $97.12 and last traded at $96.17, with a volume of 1334556 shares changing hands. The stock had previously closed at $90.01.

Analyst Ratings Changes

Several brokerages recently issued reports on FOUR. DA Davidson upped their price objective on shares of Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Oppenheimer started coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Barclays started coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.53.

Shift4 Payments Stock Up 8.9 %

The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $8.68 billion, a P/E ratio of 59.39, a P/E/G ratio of 1.03 and a beta of 1.64. The stock’s 50 day simple moving average is $87.56 and its 200 day simple moving average is $75.64.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The company had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. During the same period last year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, research analysts predict that Shift4 Payments, Inc. will post 3.11 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the third quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $32,000. J.Safra Asset Management Corp raised its position in shares of Shift4 Payments by 79.0% in 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 during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $56,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.