Shift4 Payments (NYSE:FOUR) PT Raised to $105.00 at BTIG Research

Shift4 Payments (NYSE:FOUR) had its target price raised by BTIG Research from $90.00 to $105.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently commented on FOUR. Morgan Stanley increased their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an equal weight rating in a report on Friday, August 9th. Susquehanna reaffirmed a positive rating and set a $97.00 target price on shares of Shift4 Payments in a report on Thursday, September 12th. Stephens reaffirmed an overweight rating and set a $90.00 target price on shares of Shift4 Payments 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 on the stock. Finally, The Goldman Sachs Group increased their target price on Shift4 Payments from $80.00 to $90.00 and gave the stock a buy rating in a report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of Moderate Buy and a consensus price target of $91.60.

Shift4 Payments Trading Up 3.5 %

Shares of FOUR opened at $96.40 on Thursday. The company has a market capitalization of $8.44 billion, a P/E ratio of 64.70, a P/E/G ratio of 1.01 and a beta of 1.64. Shift4 Payments has a one year low of $42.91 and a one year high of $96.45. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a 50-day moving average price of $81.70 and a 200 day moving average price of $72.37.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.96 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 firm had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. Sell-side analysts forecast that Shift4 Payments will post 3.11 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, 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 sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction 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 sale, 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 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

Several large investors have recently modified their holdings of the stock. Creative Planning bought a new stake in shares of Shift4 Payments during the 3rd quarter worth $293,000. Stonekeep Investments LLC boosted its stake in shares of Shift4 Payments by 10.0% during the 3rd quarter. Stonekeep Investments LLC now owns 3,633 shares of the company’s stock worth $322,000 after acquiring an additional 330 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Shift4 Payments by 3.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 25,705 shares of the company’s stock worth $2,277,000 after acquiring an additional 876 shares in the last quarter. CWM LLC boosted its stake in shares of Shift4 Payments by 95.8% during the 3rd quarter. CWM LLC now owns 2,214 shares of the company’s stock worth $196,000 after acquiring an additional 1,083 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after acquiring an additional 242,684 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

About Shift4 Payments

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.