Shift4 Payments, Inc. (NYSE:FOUR) Receives $87.11 Average PT from Analysts

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $89.16.

FOUR has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Oppenheimer assumed coverage on shares of Shift4 Payments in a research note on Tuesday. They issued an “outperform” rating and a $109.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Stephens reissued an “overweight” rating and issued a $90.00 target price on shares of Shift4 Payments in a research note on Friday, August 9th. Finally, William Blair began coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating for the company.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction 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 $18,827,693.97. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Shift4 Payments by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 611,617 shares of the company’s stock worth $45,468,000 after buying an additional 55,813 shares during the period. Norges Bank acquired a new position in Shift4 Payments during the fourth quarter worth about $26,935,000. Artisan Partners Limited Partnership grew its position in Shift4 Payments by 54.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 340,700 shares of the company’s stock worth $25,328,000 after buying an additional 120,589 shares during the period. Evoke Wealth LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter valued at about $2,907,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Shift4 Payments by 38.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 201,101 shares of the company’s stock valued at $14,950,000 after purchasing an additional 55,976 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Price Performance

NYSE:FOUR opened at $89.18 on Friday. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $7.81 billion, a PE ratio of 59.85, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64. The stock’s 50-day moving average price is $78.64 and its 200-day moving average price is $71.38.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. As a group, equities analysts expect that Shift4 Payments will post 3.13 EPS for the current fiscal year.

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.