Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) Target Price at $115.30

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $115.30.

FOUR has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Finally, Piper Sandler reissued an “overweight” rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its holdings in Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP bought a new position in Shift4 Payments during the fourth quarter worth about $39,222,000. Darlington Partners Capital Management LP raised its stake in Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after purchasing an additional 367,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after purchasing an additional 350,703 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

FOUR opened at $86.64 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company’s 50 day simple moving average is $104.66 and its 200-day simple moving average is $100.01. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50. The stock has a market capitalization of $7.72 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Sell-side analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal 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.