Shift4 Payments’ (FOUR) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Shift4 Payments (NYSE:FOUR) in a report published on Wednesday morning,Benzinga reports. They currently have a $143.00 price objective on the stock, up from their prior price objective of $120.00.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley upped their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 target price on the stock. Susquehanna upped their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $94.95 on Wednesday. The company’s 50 day simple moving average is $110.73 and its 200-day simple moving average is $97.66. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.72. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

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

Insider Activity

In other news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock worth $1,211,364. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of FOUR. Waldron Private Wealth LLC purchased a new stake in Shift4 Payments in the 3rd quarter valued at $25,000. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the 4th quarter valued at $26,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments in the 3rd quarter valued at $27,000. Rakuten Securities Inc. raised its position in 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 during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments in the 4th quarter valued at $28,000. Hedge funds and other institutional investors 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.