Shift4 Payments (NYSE:FOUR) Price Target Raised to $95.00 at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price target boosted by equities research analysts at Wells Fargo & Company from $75.00 to $95.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 9.64% from the stock’s previous close.

FOUR has been the topic of several other research reports. Benchmark reaffirmed a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. DA Davidson lifted their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush initiated coverage on shares of Shift4 Payments in a report on Friday, May 24th. They issued a “neutral” rating and a $75.00 target price for the company. Morgan Stanley raised their price target 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. Finally, Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.11.

Shift4 Payments Stock Up 0.9 %

NYSE FOUR traded up $0.76 during mid-day trading on Friday, hitting $86.65. The company’s stock had a trading volume of 313,858 shares, compared to its average volume of 1,406,838. 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 company’s 50 day simple moving average is $74.65 and its 200 day simple moving average is $70.80. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $92.30. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 58.15, a PEG ratio of 0.77 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. Analysts anticipate that Shift4 Payments will post 3.08 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction dated 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 sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently added to or reduced their stakes in FOUR. J.Safra Asset Management Corp grew its holdings in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares in the last quarter. Quarry LP bought a new stake in Shift4 Payments during the second quarter valued at approximately $60,000. CWM LLC grew its stake in Shift4 Payments by 27.1% in the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of Shift4 Payments in the 4th quarter worth $112,000. Finally, Natixis Investment Managers International purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at $116,000. 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.