Shift4 Payments (NYSE:FOUR) Given New $154.00 Price Target at Royal Bank of Canada

Shift4 Payments (NYSE:FOUR) had its price target lifted by Royal Bank of Canada from $116.00 to $154.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

FOUR has been the subject of several other research reports. Stephens restated an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday. Susquehanna increased their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, DA Davidson increased their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $112.90.

Shift4 Payments Stock Down 17.5 %

Shares of FOUR stock opened at $103.64 on Wednesday. The firm has a fifty day moving average of $110.91 and a 200-day moving average of $97.42. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 56.33, a P/E/G ratio of 1.28 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, equities research analysts predict that Shift4 Payments will post 2.95 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 over the last ninety days. 30.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds have recently bought and sold shares of the company. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $26,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the 3rd quarter valued at approximately $27,000. Rakuten Securities Inc. boosted its stake in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $28,000. 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.