Shift4 Payments (NYSE:FOUR) Given New $105.00 Price Target at Susquehanna

Shift4 Payments (NYSE:FOUR) had its price objective lifted by Susquehanna from $97.00 to $105.00 in a research report released on Monday,Benzinga reports. The firm currently has a positive rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Oppenheimer began coverage on Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price for the company. DA Davidson upped their target price on Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays began coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price for the company. William Blair began coverage on Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating for the company. Finally, Stephens upped their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.53.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $97.63 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. Shift4 Payments has a twelve month low of $47.54 and a twelve month high of $99.00. The company has a market cap of $8.65 billion, a P/E ratio of 59.09, a P/E/G ratio of 1.03 and a beta of 1.64. The business has a fifty day simple moving average of $87.92 and a 200 day simple moving average of $75.80.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. During the same period in the prior year, the company earned $0.58 EPS. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, sell-side analysts forecast that Shift4 Payments will post 3.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the 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 transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This 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 accessible through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FOUR. The Manufacturers Life Insurance Company lifted its holdings in shares of Shift4 Payments by 11,776.9% in the second 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. Ensign Peak Advisors Inc lifted its holdings in shares of Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after purchasing an additional 1,078,115 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Shift4 Payments by 72.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after purchasing an additional 561,707 shares in the last quarter. Senator Investment Group LP lifted its holdings in shares of Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares in the last quarter. Finally, Scout Investments Inc. bought a new position in shares of Shift4 Payments in the first quarter valued at approximately $34,108,000. Institutional investors own 98.87% of the company’s stock.

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.