Shift4 Payments (NYSE:FOUR) Sets New 52-Week High After Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR) shares hit a new 52-week high on Monday after The Goldman Sachs Group raised their price target on the stock from $96.00 to $106.00. The Goldman Sachs Group currently has a buy rating on the stock. Shift4 Payments traded as high as $97.49 and last traded at $97.49, with a volume of 665 shares. The stock had previously closed at $96.40.

Several other equities research analysts also recently commented on the company. BTIG Research raised their target price on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Morgan Stanley lifted their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. William Blair began coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Oppenheimer assumed coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target on the stock. Finally, DA Davidson upped their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.40.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Jordan Frankel sold 12,500 shares of the 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 sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors have recently bought and sold shares of FOUR. Senator Investment Group LP lifted its position in Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. Forge First Asset Management Inc. bought a new position in shares of Shift4 Payments during the 1st quarter valued at about $1,242,000. Deepwater Asset Management LLC raised its holdings in shares of Shift4 Payments by 23.7% in the 1st quarter. Deepwater Asset Management LLC now owns 206,878 shares of the company’s stock worth $13,668,000 after purchasing an additional 39,589 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after purchasing an additional 242,684 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Shift4 Payments by 7.1% during the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after buying an additional 14,438 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 63.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.64. The company’s 50-day simple moving average is $82.36 and its 200-day simple moving average is $72.56. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Analysts predict that Shift4 Payments, Inc. will post 3.11 EPS for the current fiscal year.

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.