Shift4 Payments (NYSE:FOUR) Price Target Raised to $110.00 at Stephens

Shift4 Payments (NYSE:FOUR) had its price objective raised by Stephens from $90.00 to $110.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on FOUR. DA Davidson lifted their target price 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. BTIG Research raised 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. Barclays started coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, William Blair initiated coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.11.

Shift4 Payments Stock Performance

Shares of FOUR opened at $94.59 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The stock has a market cap of $8.28 billion, a P/E ratio of 63.48, a P/E/G ratio of 1.01 and a beta of 1.64. The business’s 50 day moving average price is $85.03 and its 200-day moving average price is $73.56. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $96.96.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, August 8th. The company reported $0.96 EPS 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 for the quarter, compared to the consensus estimate of $314.10 million. During the same period in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities research analysts anticipate that Shift4 Payments will post 3.11 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction 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 in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. boosted its stake in shares of Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after acquiring an additional 119 shares during the period. Lewis Asset Management LLC raised its stake in Shift4 Payments by 3.2% during the 1st quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock valued at $369,000 after purchasing an additional 175 shares during the period. First Dallas Securities Inc. lifted its holdings in Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after purchasing an additional 200 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in Shift4 Payments by 25.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after purchasing an additional 202 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after buying an additional 210 shares in the last quarter. Hedge funds and other 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.