DA Davidson Raises Shift4 Payments (NYSE:FOUR) Price Target to $126.00

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by investment analysts at DA Davidson from $118.00 to $126.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 29.94% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Barclays assumed coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price for the company. Morgan Stanley lifted their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. B. Riley upped their target price on shares of Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark reiterated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. Finally, Susquehanna boosted their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Price Performance

Shares of FOUR opened at $96.97 on Thursday. The company has a 50 day moving average of $90.75 and a 200-day moving average of $77.62. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $8.59 billion, a P/E ratio of 52.70, a P/E/G ratio of 1.18 and a beta of 1.64. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $106.31.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. As a group, equities research analysts forecast that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Activity

In related news, CFO Nancy Disman sold 20,000 shares of the company’s 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 completion of the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the firm’s 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 transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its holdings in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Jennison Associates LLC raised its stake in Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after acquiring an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after purchasing an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after acquiring an additional 12,804 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

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.