Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by Royal Bank of Canada from $116.00 to $154.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 55.89% from the company’s current price.

A number of other analysts also recently issued reports on the stock. B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. DA Davidson lifted their price target on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Piper Sandler reiterated an “overweight” rating and set a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday. Susquehanna raised their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their target price on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Price Performance

NYSE:FOUR opened at $98.79 on Wednesday. The firm’s fifty day moving average is $110.87 and its two-hundred day moving average is $97.43. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.32 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50.

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

Insider Buying and Selling at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FOUR. Waldron Private Wealth LLC purchased a new stake in Shift4 Payments in the third quarter valued at $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments during the 4th quarter worth about $26,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth about $27,000. Rakuten Securities Inc. raised its holdings in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after buying an additional 157 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the fourth quarter valued at about $28,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.