Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) PT at $83.53

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $83.53.

A number of brokerages have recently commented on FOUR. Morgan Stanley dropped their target price on Shift4 Payments from $70.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Mizuho reduced their price objective on shares of Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. UBS Group boosted their target price on Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a research note on Friday, April 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 target price on shares of Shift4 Payments in a research note on Wednesday, April 3rd.

Insiders Place Their Bets

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the completion of the sale, the director now owns 9,474 shares in the company, valued at approximately $682,696.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $72.06, for a total transaction of $72,060.00. Following the sale, the director now owns 9,474 shares in the company, valued at $682,696.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jared Isaacman acquired 85,916 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the transaction, the chief executive officer now directly owns 582,827 shares in the company, valued at $39,101,863.43. The disclosure for this purchase can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently made changes to their positions in FOUR. C M Bidwell & Associates Ltd. purchased a new position in Shift4 Payments in the 3rd quarter worth $35,000. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the period. Covestor Ltd boosted its position in Shift4 Payments by 49,166.7% in the third quarter. Covestor Ltd now owns 1,478 shares of the company’s stock valued at $82,000 after buying an additional 1,475 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Shift4 Payments in the 4th quarter worth approximately $90,000. Finally, Clear Street Markets LLC purchased a new position in Shift4 Payments during the 4th quarter worth approximately $112,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Price Performance

NYSE:FOUR opened at $71.23 on Wednesday. The company has a market capitalization of $6.24 billion, a P/E ratio of 47.81, a P/E/G ratio of 0.88 and a beta of 1.62. The business’s 50-day moving average is $65.67 and its 200 day moving average is $70.75. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The business had revenue of $263.70 million during the quarter, compared to the consensus estimate of $268.55 million. On average, equities research analysts forecast that Shift4 Payments will post 3.01 earnings per share for the current fiscal year.

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.