Shift4 Payments’ (FOUR) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Shift4 Payments (NYSE:FOUR) in a research report released on Wednesday morning,Benzinga reports. Piper Sandler currently has a $143.00 target price on the stock, up from their previous target price of $120.00.

FOUR has been the topic of several other reports. Susquehanna upped their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Wells Fargo & Company increased their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 target price for the company. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Oppenheimer lifted their price objective on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus price target of $112.90.

Shift4 Payments Trading Down 17.5 %

Shares of NYSE:FOUR opened at $103.64 on Wednesday. The business’s 50-day moving average is $110.91 and its 200 day moving average is $97.42. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The firm has a market capitalization of $9.34 billion, a P/E ratio of 56.33, a P/E/G ratio of 1.28 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. On average, research analysts predict that Shift4 Payments will post 2.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by corporate insiders.

Institutional Trading of Shift4 Payments

Institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new position in Shift4 Payments during the third quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $28,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.