Shift4 Payments (NYSE:FOUR) Price Target Raised to $120.00 at Susquehanna

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by Susquehanna from $105.00 to $120.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a positive rating on the stock.

Several other research firms also recently weighed in on FOUR. The Goldman Sachs Group boosted their price target on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Stephens upped their price objective 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. BTIG Research increased their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley boosted their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.10.

Shift4 Payments Stock Up 2.3 %

Shares of FOUR stock opened at $101.37 on Wednesday. The stock’s fifty day moving average price is $89.89 and its 200 day moving average price is $77.22. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. 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 (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The firm had revenue of $365.10 million during the quarter, compared to analyst estimates of $369.07 million. On average, research analysts expect that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments 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 sale, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 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 Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Corsair Capital Management L.P. boosted its holdings in Shift4 Payments by 7,515.1% during the 3rd quarter. Corsair Capital Management L.P. now owns 5,559 shares of the company’s stock valued at $493,000 after acquiring an additional 5,486 shares during the period. Millrace Asset Group Inc. boosted its stake in shares of Shift4 Payments by 1.1% in the third quarter. Millrace Asset Group Inc. now owns 27,151 shares of the company’s stock valued at $2,406,000 after purchasing an additional 308 shares during the period. Associated Banc Corp increased its stake in Shift4 Payments by 27.8% during the 3rd quarter. Associated Banc Corp now owns 3,592 shares of the company’s stock worth $318,000 after buying an additional 782 shares during the period. Truvestments Capital LLC lifted its holdings in Shift4 Payments by 11.6% during the 3rd quarter. Truvestments Capital LLC now owns 3,771 shares of the company’s stock worth $334,000 after buying an additional 393 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the period. 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.