Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, B. Riley Analyst Says

Shift4 Payments (NYSE:FOUR) had its price objective increased by B. Riley from $104.00 to $110.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 11.27% from the company’s current price.

FOUR has been the subject of several other research reports. Oppenheimer started coverage on Shift4 Payments in a research note on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target for the company. Benchmark reaffirmed a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Piper Sandler upped their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, DA Davidson raised their price target on Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and a consensus target price of $100.15.

Shift4 Payments Stock Down 2.5 %

FOUR stock opened at $98.86 on Wednesday. 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 moving average price is $89.89 and its 200 day moving average price is $77.22. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $106.31. The company has a market cap of $8.76 billion, a P/E ratio of 53.73, a P/E/G ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. The business had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $369.07 million. On average, research analysts expect 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 the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their position. The sale 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 the business’s stock in a transaction dated 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 owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Shift4 Payments during the 1st quarter worth $205,000. Swiss National Bank boosted its holdings in Shift4 Payments by 0.9% in the first quarter. Swiss National Bank now owns 101,000 shares of the company’s stock valued at $6,673,000 after purchasing an additional 900 shares during the last quarter. GM Advisory Group LLC acquired a new stake in Shift4 Payments during the 1st quarter valued at approximately $298,000. J.Safra Asset Management Corp increased its holdings 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 purchasing an additional 347 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Shift4 Payments during the 1st quarter valued at approximately $391,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.