Shift4 Payments (NYSE:FOUR) Hits New 12-Month High on Analyst Upgrade

Shares of Shift4 Payments, Inc. (NYSE:FOUR) hit a new 52-week high during trading on Monday after The Goldman Sachs Group raised their price target on the stock from $96.00 to $106.00. The Goldman Sachs Group currently has a buy rating on the stock. Shift4 Payments traded as high as $97.49 and last traded at $97.49, with a volume of 665 shares trading hands. The stock had previously closed at $96.40.

A number of other analysts 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 company a “buy” rating in a report on Thursday, October 10th. Susquehanna reissued a “positive” rating and issued a $97.00 price objective on shares of Shift4 Payments in a report on Thursday, September 12th. Oppenheimer began coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target on the stock. Stephens reaffirmed an “overweight” rating and set a $90.00 price target on shares of Shift4 Payments in a report on Friday, August 9th. Finally, Barclays began coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.40.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade 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 company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Creative Planning purchased a new stake in shares of Shift4 Payments during the third quarter valued at $293,000. Stonekeep Investments LLC boosted its stake in shares of Shift4 Payments by 10.0% during the third quarter. Stonekeep Investments LLC now owns 3,633 shares of the company’s stock valued at $322,000 after purchasing an additional 330 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Shift4 Payments by 3.5% during the third quarter. Exchange Traded Concepts LLC now owns 25,705 shares of the company’s stock valued at $2,277,000 after purchasing an additional 876 shares during the period. CWM LLC boosted its stake in shares of Shift4 Payments by 95.8% during the third quarter. CWM LLC now owns 2,214 shares of the company’s stock valued at $196,000 after purchasing an additional 1,083 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after purchasing an additional 242,684 shares during the period. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

The stock has a market capitalization of $8.24 billion, a PE ratio of 63.19, a price-to-earnings-growth ratio of 1.01 and a beta of 1.64. 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 stock’s 50 day moving average price is $82.99 and its 200-day moving average price is $72.76.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. As a group, equities analysts forecast that Shift4 Payments, Inc. will post 3.11 EPS for the current year.

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.