Shift4 Payments (NYSE:FOUR) Receives Overweight Rating from Piper Sandler

Shift4 Payments (NYSE:FOUR)‘s stock had its “overweight” rating reiterated by investment analysts at Piper Sandler in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $143.00 target price on the stock, up from their previous target price of $120.00. Piper Sandler’s price target would indicate a potential upside of 13.46% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a research report on Monday, December 9th. DA Davidson raised their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Morgan Stanley increased their target price on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Shift4 Payments Trading Up 3.9 %

Shares of FOUR stock opened at $126.04 on Wednesday. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a market capitalization of $11.36 billion, a PE ratio of 68.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.72. The firm has a 50 day moving average price of $110.87 and a two-hundred day moving average price of $97.38. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. As a group, analysts predict that Shift4 Payments will post 2.95 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the transaction, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Rakuten Securities Inc. lifted its holdings in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after buying an additional 157 shares during the period. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter valued at $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments during the 4th quarter worth about $29,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments in the 3rd quarter worth about $25,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.