Susquehanna Increases Shift4 Payments (NYSE:FOUR) Price Target to $120.00

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by research analysts at Susquehanna from $105.00 to $120.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 21.38% from the stock’s current price.

A number of other research analysts have also recently commented on FOUR. Morgan Stanley raised their target price on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, October 14th. DA Davidson lifted their price objective on Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Benchmark reiterated a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Trading Down 2.5 %

FOUR opened at $98.86 on Wednesday. The stock has a market cap of $8.76 billion, a PE ratio of 53.68, a PEG ratio of 1.16 and a beta of 1.64. 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 business has a 50 day moving average of $89.89 and a 200-day moving average of $77.22. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $106.31.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. The company had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. Equities research analysts predict that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction 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 transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on 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 transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This trade 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently bought and sold shares of the stock. Waldron Private Wealth LLC purchased a new position in Shift4 Payments during the third quarter valued at $25,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments during the third quarter valued at $27,000. Toth Financial Advisory Corp purchased a new position in Shift4 Payments during the third quarter valued at $32,000. J.Safra Asset Management Corp lifted its position in Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after purchasing an additional 347 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in Shift4 Payments during the third quarter valued at $56,000. 98.87% of the stock is currently owned by hedge funds and other 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.