Shift4 Payments (NYSE:FOUR) Price Target Raised to $106.00 at The Goldman Sachs Group

Shift4 Payments (NYSE:FOUR) had its price target boosted by The Goldman Sachs Group from $96.00 to $106.00 in a research note released on Monday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on FOUR. Morgan Stanley lifted their target price on Shift4 Payments from $66.00 to $70.00 and gave the company an equal weight rating in a report on Friday, August 9th. DA Davidson lifted their target price on Shift4 Payments from $96.00 to $104.00 and gave the company a buy rating in a report on Friday, August 9th. Barclays started coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an overweight rating and a $120.00 target price on the stock. Stephens reiterated an overweight rating and issued a $90.00 target price on shares of Shift4 Payments in a report on Friday, August 9th. Finally, William Blair began coverage on Shift4 Payments in a report on Wednesday, September 4th. They issued an outperform rating on the stock. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $92.40.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $94.04 on Monday. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 63.11, a PEG ratio of 1.01 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $96.90. The stock has a fifty day moving average of $82.36 and a two-hundred day moving average of $72.56.

Shift4 Payments (NYSE:FOUR) last announced 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 business had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, analysts anticipate that Shift4 Payments will post 3.11 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the 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 of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the sale, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after purchasing an additional 1,078,115 shares in the last quarter. Wasatch Advisors LP increased its stake in Shift4 Payments by 34.3% in the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after purchasing an additional 881,216 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Shift4 Payments by 72.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after purchasing an additional 561,707 shares in the last quarter. Finally, Senator Investment Group LP increased its stake in Shift4 Payments by 8,551.1% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.