Shift4 Payments (NYSE:FOUR) Given New $120.00 Price Target at Piper Sandler

Shift4 Payments (NYSE:FOUR) had its price objective lifted by Piper Sandler from $93.00 to $120.00 in a research note released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the company. Stephens lifted their price objective on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Benchmark restated a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. DA Davidson boosted 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. Finally, Susquehanna lifted their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.10.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $100.51 on Wednesday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $106.31. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The firm’s 50 day moving average is $89.89 and its 200-day moving average is $77.22. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting 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 24.78% and a net margin of 4.04%. Sell-side analysts forecast that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments during the third quarter worth $27,000. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments during the third quarter worth $32,000. Financial Management Professionals Inc. acquired a new stake in shares of Shift4 Payments during the 3rd quarter valued at $56,000. Finally, J.Safra Asset Management Corp grew its position in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after acquiring an additional 347 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

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.