Shift4 Payments (NYSE:FOUR) PT Raised to $95.00 at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its target price increased by Wells Fargo & Company from $75.00 to $95.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

FOUR has been the topic of a number of other reports. William Blair began coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an outperform rating on the stock. Morgan Stanley upped their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an equal weight rating in a research report on Friday, August 9th. Benchmark reissued a buy rating and issued a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. Stephens restated an overweight rating and set a $90.00 price target on shares of Shift4 Payments in a research note on Friday, August 9th. Finally, Susquehanna reaffirmed a positive rating and issued a $97.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $87.11.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $86.90 on Friday. 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 has a twelve month low of $42.91 and a twelve month high of $92.30. The company has a fifty day moving average of $75.30 and a 200-day moving average of $70.88. The firm has a market capitalization of $7.61 billion, a P/E ratio of 58.32, a P/E/G ratio of 0.77 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. The firm had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. As a group, sell-side analysts anticipate that Shift4 Payments will post 3.08 EPS for the current year.

Insider Buying and Selling

In other news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Shift4 Payments news, 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the firm’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 of the company’s stock, valued at approximately $18,827,693.97. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of FOUR. The Manufacturers Life Insurance Company lifted its position in shares of Shift4 Payments by 11,776.9% during the 2nd 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 lifted its holdings in Shift4 Payments by 6,185.0% during the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after purchasing an additional 1,078,115 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Shift4 Payments by 34.3% during the first quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after purchasing an additional 881,216 shares during the last quarter. Kodai Capital Management LP bought a new position in Shift4 Payments during the fourth quarter worth about $59,520,000. Finally, Westfield Capital Management Co. LP increased its stake in shares of Shift4 Payments by 72.8% in the first 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. 98.87% of the stock is owned by institutional investors.

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.