Shift4 Payments (NYSE:FOUR) Price Target Raised to $110.00

Shift4 Payments (NYSE:FOUR) had its price objective boosted by equities research analysts at B. Riley from $104.00 to $110.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 11.27% from the stock’s previous close.

Several other analysts also recently issued reports on FOUR. Susquehanna raised their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday. Stephens boosted their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Benchmark reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. Wells Fargo & Company boosted their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Stock Performance

Shares of FOUR opened at $98.86 on Wednesday. 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 has a 12-month low of $55.87 and a 12-month high of $106.31. The business’s fifty day moving average price is $89.89 and its 200 day moving average price is $77.22. The stock has a market capitalization of $8.76 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. Equities research analysts forecast that Shift4 Payments will post 3.04 EPS for the current year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction 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 $14,874,566.70. The trade was a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on 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 directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This represents a 5.20 % 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

A number of large investors have recently made changes to their positions in FOUR. Envestnet Portfolio Solutions Inc. purchased a new position in Shift4 Payments during the 1st quarter worth approximately $205,000. Swiss National Bank boosted its position in shares of Shift4 Payments by 0.9% in the first quarter. Swiss National Bank now owns 101,000 shares of the company’s stock worth $6,673,000 after buying an additional 900 shares during the period. GM Advisory Group LLC acquired a new stake in Shift4 Payments during the 1st quarter worth about $298,000. J.Safra Asset Management Corp grew its stake in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Shift4 Payments in the 1st quarter valued at about $391,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.