Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) Price Target at $62.13

Shift4 Payments, Inc. (NYSE:FOURGet Rating) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $62.13.

Several analysts have recently weighed in on FOUR shares. Royal Bank of Canada lowered their price objective on shares of Shift4 Payments from $65.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 8th. The Goldman Sachs Group decreased their target price on shares of Shift4 Payments to $48.00 in a research report on Tuesday, November 15th. Truist Financial decreased their target price on shares of Shift4 Payments from $65.00 to $55.00 in a research report on Monday, November 7th. UBS Group assumed coverage on shares of Shift4 Payments in a research report on Wednesday, September 14th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Shift4 Payments from $30.00 to $32.00 and gave the stock an “underweight” rating in a research report on Monday, October 24th.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $45.10 on Tuesday. The firm’s fifty day moving average price is $45.34 and its 200-day moving average price is $42.53. The company has a debt-to-equity ratio of 4.13, a quick ratio of 3.31 and a current ratio of 3.33. The stock has a market cap of $3.80 billion, a P/E ratio of 102.50 and a beta of 1.45. Shift4 Payments has a fifty-two week low of $29.39 and a fifty-two week high of $66.86.

Shift4 Payments (NYSE:FOURGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $196.70 million for the quarter, compared to analysts’ expectations of $189.35 million. Shift4 Payments had a net margin of 1.97% and a return on equity of 8.53%. On average, equities research analysts expect that Shift4 Payments will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FOUR. Treasurer of the State of North Carolina raised its holdings in Shift4 Payments by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 15,817 shares of the company’s stock valued at $980,000 after acquiring an additional 248 shares during the last quarter. Creative Planning raised its holdings in Shift4 Payments by 4.2% in the 2nd quarter. Creative Planning now owns 6,304 shares of the company’s stock valued at $208,000 after acquiring an additional 256 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Shift4 Payments by 4.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 7,374 shares of the company’s stock valued at $329,000 after acquiring an additional 284 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in Shift4 Payments by 3.6% in the 1st quarter. Ensign Peak Advisors Inc now owns 8,680 shares of the company’s stock valued at $538,000 after acquiring an additional 300 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Shift4 Payments by 21.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock valued at $153,000 after acquiring an additional 405 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Company Profile

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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.

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