Piper Sandler Reiterates “Overweight” Rating for Shift4 Payments (NYSE:FOUR)

Shift4 Payments (NYSE:FOUR)‘s stock had its “overweight” rating reiterated by Piper Sandler in a research report issued on Wednesday,Benzinga reports. They currently have a $143.00 price objective on the stock, up from their previous price objective of $120.00. Piper Sandler’s price target points to a potential upside of 44.76% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company increased their price target on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Morgan Stanley increased their price objective on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Susquehanna increased their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $98.79 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The stock has a fifty day moving average price of $110.87 and a 200 day moving average price of $97.43. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50. The company has a market cap of $8.90 billion, a PE ratio of 32.18, a P/E/G ratio of 1.32 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Sell-side analysts forecast that Shift4 Payments will post 3.7 EPS for the current year.

Insider Activity

In related news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 over the last 90 days. 30.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

Large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments during the fourth quarter valued at $26,000. Rakuten Securities Inc. boosted its stake in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments during the fourth quarter valued at $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments in the 4th quarter worth about $29,000. Finally, Waldron Private Wealth LLC acquired a new stake in Shift4 Payments in the 3rd quarter worth about $25,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.