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

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

Several other equities research analysts have also recently weighed in on FOUR. DA Davidson increased their price objective on Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, October 21st. BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Barclays began coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price for the company. Finally, Susquehanna boosted their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Stock Down 1.8 %

Shift4 Payments stock opened at $96.97 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $106.31. The firm has a fifty day moving average price of $90.75 and a two-hundred day moving average price of $77.62. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 1.18 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. The business had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million. As a group, analysts forecast that Shift4 Payments will post 3.04 earnings per share for the current year.

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value 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 approximately $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently bought and sold shares of FOUR. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Shift4 Payments in the 1st quarter valued at $205,000. Swiss National Bank grew its stake in Shift4 Payments by 0.9% in the first quarter. Swiss National Bank now owns 101,000 shares of the company’s stock valued at $6,673,000 after acquiring an additional 900 shares during the period. GM Advisory Group LLC acquired a new position in Shift4 Payments in the first quarter valued at about $298,000. J.Safra Asset Management Corp increased its holdings 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 worth $52,000 after acquiring an additional 347 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Shift4 Payments during the first quarter worth about $391,000. Institutional investors own 98.87% of the company’s stock.

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.