Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Shift4 Payments (NYSE:FOUR) had its target price raised by Keefe, Bruyette & Woods from $112.00 to $125.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

FOUR has been the topic of a number of other research reports. Royal Bank of Canada upped their price target on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Oppenheimer boosted their target price on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price for the company. Finally, Piper Sandler reissued an “overweight” rating and issued a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $98.79 on Thursday. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50. The stock has a market cap of $8.90 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 1.32 and a beta of 1.72. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company’s fifty day moving average price is $110.87 and its 200-day moving average price is $97.43.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. On average, equities analysts expect that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently made changes to their positions in the company. Waldron Private Wealth LLC bought a new stake in shares of Shift4 Payments in the third quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the fourth quarter valued at about $26,000. Transcendent Capital Group LLC bought a new stake in shares of Shift4 Payments in the third quarter valued at about $27,000. Rakuten Securities Inc. grew its stake in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the fourth quarter valued at about $28,000. 98.87% of the stock is currently 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.