Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) Target Price at $115.30

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $115.30.

A number of equities research analysts recently weighed in on FOUR shares. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Piper Sandler restated an “overweight” rating and set a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Morgan Stanley dropped their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Stephens reissued an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $86.64 on Friday. The firm has a 50 day moving average of $104.66 and a 200-day moving average of $100.01. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $7.72 billion, a PE ratio of 28.22, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last released its 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 firm had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, equities research analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 in the last three months. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in shares of Shift4 Payments by 3.5% during the fourth quarter. California State Teachers Retirement System now owns 55,097 shares of the company’s stock valued at $5,718,000 after buying an additional 1,868 shares during the last quarter. Alpha Wealth Funds LLC bought a new position in Shift4 Payments during the 4th quarter valued at $311,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Shift4 Payments during the 4th quarter valued at $16,195,000. Heck Capital Advisors LLC purchased a new position in Shift4 Payments during the 4th quarter worth $26,000. Finally, Armis Advisers LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth $316,000. 98.87% of the stock is owned by institutional investors.

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.