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

Shift4 Payments (NYSE:FOUR) had its price objective increased by Stephens from $90.00 to $110.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on FOUR. BTIG Research raised their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays initiated coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a report on Thursday, September 5th. William Blair assumed coverage on Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Finally, Susquehanna reiterated a “positive” rating and issued a $97.00 target price on shares of Shift4 Payments in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus price target of $94.37.

Shift4 Payments Stock Up 1.0 %

NYSE:FOUR opened at $95.71 on Friday. The stock has a 50-day simple moving average of $84.59 and a 200 day simple moving average of $73.36. Shift4 Payments has a one year low of $42.91 and a one year high of $96.96. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 64.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.64. 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 (NYSE:FOUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share 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 business had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. During the same period in the previous year, the business earned $0.58 EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis. Sell-side analysts predict that Shift4 Payments will post 3.11 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the business’s 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of hedge funds and other institutional investors have recently made changes to their positions in FOUR. Centaurus Financial Inc. boosted its holdings in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after buying an additional 119 shares in the last quarter. Lewis Asset Management LLC lifted its position in shares of Shift4 Payments by 3.2% during the 1st quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock valued at $369,000 after acquiring an additional 175 shares during the last quarter. First Dallas Securities Inc. boosted its stake in shares of Shift4 Payments by 1.8% during the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after acquiring an additional 200 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Shift4 Payments by 25.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after acquiring an additional 202 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Shift4 Payments by 3.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after acquiring an additional 210 shares during the last quarter. 98.87% of the stock is currently 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.