Piper Sandler Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

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

Other analysts also recently issued reports about the company. The Goldman Sachs Group raised their target price on 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 raised their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. William Blair started coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Stephens raised their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price objective on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $99.10.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $100.51 on Wednesday. The stock’s 50 day moving average is $89.89 and its 200 day moving average is $77.22. Shift4 Payments has a one year low of $55.87 and a one year high of $106.31. The firm has a market cap of $8.91 billion, a P/E ratio of 55.09, a P/E/G ratio of 1.16 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The company had revenue of $365.10 million for the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. As a group, research analysts expect that Shift4 Payments will post 3.04 EPS for the current year.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction 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 directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, 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 transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments during the third quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments during the 3rd quarter valued at $27,000. Toth Financial Advisory Corp bought a new position in Shift4 Payments in the 3rd quarter worth $32,000. J.Safra Asset Management Corp lifted its position in shares of Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments during the 3rd quarter valued at about $56,000. 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.