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

Shift4 Payments (NYSE:FOURFree Report) had its price objective raised by The Goldman Sachs Group from $96.00 to $106.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on FOUR. Barclays assumed coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Oppenheimer assumed coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price target for the company. Wells Fargo & Company increased their price target on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of Shift4 Payments in a research note on Friday, August 9th. Finally, Susquehanna reissued a “positive” rating and issued a $97.00 price target on shares of Shift4 Payments in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $93.32.

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Shift4 Payments Price Performance

Shares of FOUR opened at $94.68 on Monday. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $96.90. The business has a 50-day simple moving average of $84.10 and a two-hundred day simple moving average of $73.07. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The stock has a market cap of $8.29 billion, a PE ratio of 63.54, a PEG ratio of 1.01 and a beta of 1.64.

Shift4 Payments (NYSE:FOURGet Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The business had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. Analysts anticipate that Shift4 Payments will post 3.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred 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 owns 182,959 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jordan Frankel sold 12,500 shares of the 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 sale, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. 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 available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently modified their holdings of the stock. J.Safra Asset Management Corp raised its stake in shares of Shift4 Payments by 79.0% in 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 last quarter. Quarry LP purchased a new stake in shares of Shift4 Payments during the second quarter valued at approximately $60,000. CWM LLC increased its position in shares of Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after acquiring an additional 241 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Shift4 Payments during the second quarter valued at approximately $114,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Shift4 Payments by 52,033.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock valued at $108,000 after acquiring an additional 1,561 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Shift4 Payments (NYSE:FOUR)

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