Shift4 Payments (NYSE:FOUR) Price Target Raised to $110.00

Shift4 Payments (NYSE:FOUR) had its target price raised by B. Riley from $104.00 to $110.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on FOUR. The Goldman Sachs Group raised their price target on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Benchmark restated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. Wells Fargo & Company increased their price target on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. Piper Sandler upped their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Oppenheimer initiated coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $96.97 on Wednesday. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $8.59 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. The firm’s 50 day simple moving average is $90.75 and its 200 day simple moving average is $77.62.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $369.07 million. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. As a group, analysts expect that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the company’s 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 directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on Monday, September 16th. The shares were 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 owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in Shift4 Payments during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in Shift4 Payments during the 3rd quarter worth approximately $32,000. J.Safra Asset Management Corp grew 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 acquiring an additional 347 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Shift4 Payments during the third quarter worth $56,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.