Shift4 Payments (NYSE:FOUR) Price Target Raised to $120.00

Shift4 Payments (NYSE:FOUR) had its target price increased by Piper Sandler from $93.00 to $120.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently commented on the company. Benchmark reissued a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. The Goldman Sachs Group raised their target price on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Morgan Stanley upped their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Barclays initiated coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective for the company. Finally, Stephens upped their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Stock Down 1.8 %

Shares of Shift4 Payments stock opened at $96.97 on Wednesday. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $106.31. The business’s 50 day simple moving average is $90.75 and its 200 day simple moving average is $77.62. The firm has a market cap of $8.59 billion, a PE ratio of 52.70, a P/E/G ratio of 1.18 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.34 and a current ratio of 2.98.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. The firm had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million. On average, analysts predict that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Several large investors have recently bought and sold shares of FOUR. Wasatch Advisors LP grew its holdings in shares of Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc increased its position in Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after acquiring an additional 1,078,115 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Shift4 Payments by 72.8% during the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after purchasing an additional 561,707 shares during the period. Finally, Senator Investment Group LP lifted its holdings in shares of Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. 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.