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

Shift4 Payments (NYSE:FOUR) had its target price upped by B. Riley from $104.00 to $110.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently weighed in on FOUR. Piper Sandler raised their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley raised their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. BTIG Research upped their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Susquehanna raised their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday. Finally, Stephens upped their target price 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. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $99.10.

Shift4 Payments Stock Performance

Shares of FOUR opened at $101.37 on Wednesday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $106.31. The stock has a market capitalization of $8.98 billion, a PE ratio of 56.16, a PEG ratio of 1.16 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a 50-day simple moving average of $89.41 and a 200-day simple moving average of $77.05.

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

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 20,000 shares of the 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 transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, 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 SEC, which is available at this link. In related 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 transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s 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 directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

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