Shift4 Payments (NYSE:FOUR) Price Target Raised to $120.00

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by Susquehanna from $105.00 to $120.00 in a report released on Wednesday,Benzinga reports. The firm currently has a positive rating on the stock.

Several other equities research analysts have also recently issued reports on FOUR. William Blair began coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Oppenheimer assumed coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price target on the stock. The Goldman Sachs Group increased their target price on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a report on Monday, October 14th. Stephens boosted their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Benchmark reiterated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Stock Down 1.8 %

Shares of Shift4 Payments stock opened at $96.97 on Wednesday. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.18 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $106.31. The company has a 50-day moving average of $90.75 and a 200 day moving average of $77.62.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. The firm had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million. As a group, sell-side analysts anticipate that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments 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 completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the 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 $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new stake in Shift4 Payments in the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments in the third quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new stake in shares of Shift4 Payments during the 3rd quarter worth approximately $32,000. J.Safra Asset Management Corp boosted its holdings in 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. Finally, Financial Management Professionals Inc. purchased a new position in Shift4 Payments during the 3rd quarter valued at $56,000. 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.