Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) PT at $95.11

Shift4 Payments, Inc. (NYSE:FOUR) has earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $95.11.

A number of brokerages have commented on FOUR. Stephens boosted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. BTIG Research increased their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. William Blair assumed coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a report on Thursday, September 5th. Finally, Barclays began coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price for the company.

Shift4 Payments Stock Performance

NYSE FOUR opened at $93.73 on Tuesday. The company has a market capitalization of $8.21 billion, a PE ratio of 62.50, a P/E/G ratio of 1.01 and a beta of 1.64. Shift4 Payments has a 1 year low of $42.91 and a 1 year high of $96.96. The company has a fifty day moving average of $85.63 and a two-hundred day moving average of $73.88. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. As a group, analysts expect that Shift4 Payments will post 3.11 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently bought and sold shares of the stock. Annex Advisory Services LLC bought a new position in Shift4 Payments during the first quarter worth about $312,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Shift4 Payments during the 1st quarter worth approximately $774,000. Harbour Capital Advisors LLC increased its holdings in shares of Shift4 Payments by 18.0% during the first quarter. Harbour Capital Advisors LLC now owns 23,651 shares of the company’s stock worth $1,587,000 after purchasing an additional 3,606 shares during the period. Deepwater Asset Management LLC raised its position in shares of Shift4 Payments by 23.7% in the first quarter. Deepwater Asset Management LLC now owns 206,878 shares of the company’s stock valued at $13,668,000 after buying an additional 39,589 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in shares of Shift4 Payments by 34.3% in the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after buying an additional 881,216 shares during the period. 98.87% of the stock is currently 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.