The Goldman Sachs Group Forecasts Strong Price Appreciation for Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments (NYSE:FOUR) had its target price lifted by research analysts at The Goldman Sachs Group from $106.00 to $119.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 20.15% from the company’s current price.

FOUR has been the topic of several other research reports. 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 report on Friday, August 9th. B. Riley increased their price objective on Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, DA Davidson boosted their price objective on shares of Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.75.

Shift4 Payments Stock Down 2.3 %

Shares of FOUR traded down $2.33 during midday trading on Thursday, hitting $99.04. The stock had a trading volume of 365,353 shares, compared to its average volume of 1,365,144. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 53.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company has a 50 day simple moving average of $89.89 and a two-hundred day simple moving average of $77.22. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $106.31.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. On average, analysts anticipate that Shift4 Payments will post 3.04 EPS for the current year.

Insider Activity

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was 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 directly owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was 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.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Shift4 Payments by 11,776.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after purchasing an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc lifted its holdings in Shift4 Payments by 6,185.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after buying an additional 1,078,115 shares during the period. 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 valued at $88,088,000 after buying an additional 561,707 shares during the period. Senator Investment Group LP raised its position in shares of Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after acquiring an additional 555,737 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Shift4 Payments by 21.7% in the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after acquiring an additional 255,741 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.