The Goldman Sachs Group Increases Shift4 Payments (NYSE:FOUR) Price Target to $106.00

Shift4 Payments (NYSE:FOUR) had its price target lifted by equities research analysts at The Goldman Sachs Group from $96.00 to $106.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 12.59% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a report on Friday, August 9th. Barclays began coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Oppenheimer began coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. Morgan Stanley upped 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. Finally, Wells Fargo & Company raised their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

Shift4 Payments Price Performance

NYSE FOUR opened at $94.15 on Monday. The business’s fifty day simple moving average is $82.99 and its 200-day simple moving average is $72.76. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The firm has a market cap of $8.24 billion, a PE ratio of 63.19, a P/E/G ratio of 1.01 and a beta of 1.64. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $96.90.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $314.10 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, equities analysts anticipate that Shift4 Payments will post 3.11 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of the business’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 of the company’s stock, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated 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 sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the business’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 owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade 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 currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors have recently made changes to their positions in FOUR. J.Safra Asset Management Corp lifted its position in shares of 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. Quarry LP acquired a new position in Shift4 Payments during the second quarter worth $60,000. CWM LLC boosted its position in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after purchasing an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Shift4 Payments by 52,033.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after purchasing an additional 1,561 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Shift4 Payments in the second quarter valued at $114,000. 98.87% of the stock is currently owned by hedge funds and other 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.