Shift4 Payments (NYSE:FOUR) Price Target Raised to $110.00

Shift4 Payments (NYSE:FOUR) had its price target boosted by B. Riley from $104.00 to $110.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Oppenheimer began coverage on Shift4 Payments in a report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective on the stock. BTIG Research raised their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stephens lifted their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Piper Sandler lifted their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Trading Down 1.8 %

Shares of Shift4 Payments stock opened at $96.97 on Wednesday. The firm has a market capitalization of $8.59 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. 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 52-week low of $55.87 and a 52-week high of $106.31. The company’s fifty day moving average price is $90.75 and its two-hundred day moving average price is $77.62.

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

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their ownership of the stock. 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

Hedge funds and other institutional 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 in the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments in the 3rd quarter valued at approximately $27,000. Toth Financial Advisory Corp bought a new stake in Shift4 Payments during the 3rd quarter valued at $32,000. J.Safra Asset Management Corp raised its holdings in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares during the period. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Shift4 Payments during the third quarter worth $56,000. 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.