B. Riley Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its target price boosted by B. Riley from $104.00 to $110.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. BTIG Research increased their price objective 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. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, DA Davidson increased their price objective on shares of Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.10.

Shift4 Payments Price Performance

Shares of FOUR opened at $101.37 on Wednesday. The business’s 50-day moving average is $89.41 and its two-hundred day moving average is $77.05. The company has a market capitalization of $8.98 billion, a P/E ratio of 56.16, a P/E/G ratio of 1.16 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 has a fifty-two week low of $55.87 and a fifty-two week high of $106.31.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. Research analysts predict that Shift4 Payments will post 3.04 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments 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 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 at the SEC website. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated 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 sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently made changes to their positions in FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the third quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments during the third quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments during the third quarter worth about $32,000. J.Safra Asset Management Corp boosted its stake in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares during the period. Finally, Financial Management Professionals Inc. purchased a new position in shares of Shift4 Payments in the third quarter valued at approximately $56,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.