Shift4 Payments, Inc. (NYSE:FOUR) Receives $87.11 Average Price Target from Analysts

Shift4 Payments, Inc. (NYSE:FOUR) has earned an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $87.11.

Several equities research analysts have recently weighed in on the stock. Stephens reiterated an “overweight” rating and set a $90.00 target price on shares of Shift4 Payments in a research note on Friday, August 9th. DA Davidson boosted their target price on Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a report on Friday, August 9th. William Blair assumed coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating for the company. Susquehanna reissued a “positive” rating and issued a $97.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 12th. Finally, Morgan Stanley raised their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the business’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 directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’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 value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP raised its holdings in shares of Shift4 Payments by 34.3% in the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after purchasing an additional 881,216 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after buying an additional 235,355 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Shift4 Payments by 11,776.9% during 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 last quarter. Janus Henderson Group PLC boosted its stake in shares of Shift4 Payments by 21.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after acquiring an additional 255,741 shares in the last quarter. Finally, 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 valued at $88,088,000 after purchasing an additional 561,707 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 2.2 %

Shares of FOUR opened at $87.85 on Friday. The company’s 50-day simple moving average is $76.99 and its 200-day simple moving average is $70.96. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. Shift4 Payments has a 1 year low of $42.91 and a 1 year high of $92.30. The stock has a market capitalization of $7.69 billion, a PE ratio of 58.96, a P/E/G ratio of 0.85 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. During the same quarter last year, the company earned $0.58 EPS. Shift4 Payments’s revenue for the quarter was up 40.6% compared to the same quarter last year. Analysts forecast that Shift4 Payments will post 3.13 earnings per share for the current fiscal year.

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.