DA Davidson Raises Shift4 Payments (NYSE:FOUR) Price Target to $118.00

Shift4 Payments (NYSE:FOUR) had its price objective lifted by DA Davidson from $104.00 to $118.00 in a report published on Monday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. William Blair began coverage on Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Wells Fargo & Company upped their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. 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 report on Thursday, October 10th. Susquehanna reaffirmed a “positive” rating and set a $97.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group raised their target price on Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.11.

Shift4 Payments Trading Up 0.4 %

Shares of FOUR opened at $93.30 on Monday. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 62.62, a PEG ratio of 1.01 and a beta of 1.64. The firm has a 50 day moving average price of $85.36 and a 200-day moving average price of $73.74. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $96.96. 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 (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 the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue was up 40.6% on a year-over-year basis. As a group, equities research analysts forecast that Shift4 Payments will post 3.11 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company’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 owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents 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 available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Shift4 Payments by 11,776.9% during the second 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 in the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after purchasing an additional 1,078,115 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Shift4 Payments by 34.3% in the first 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 during the last quarter. 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 in the last quarter. Finally, Senator Investment Group LP increased its holdings in Shift4 Payments by 8,551.1% in the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after buying an additional 555,737 shares in the last quarter. 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.