DA Davidson Increases Shift4 Payments (NYSE:FOUR) Price Target to $118.00

Shift4 Payments (NYSE:FOUR) had its price objective increased by research analysts at DA Davidson from $104.00 to $118.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 25.52% from the stock’s current price.

A number of other research firms also recently issued reports on FOUR. BTIG Research lifted their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Morgan Stanley lifted their price target on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. Stephens raised their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company boosted their target price on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $95.11.

Shift4 Payments Price Performance

NYSE FOUR traded down $1.70 during trading on Monday, reaching $94.01. The company’s stock had a trading volume of 109,402 shares, compared to its average volume of 1,363,331. The firm has a fifty day moving average of $84.59 and a 200 day moving average of $73.36. Shift4 Payments has a one year low of $42.91 and a one year high of $96.96. The stock has a market capitalization of $8.23 billion, a PE ratio of 63.09, a P/E/G ratio of 1.01 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The company had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. During the same period in the prior year, the business earned $0.58 earnings per share. Shift4 Payments’s revenue for the quarter was up 40.6% compared to the same quarter last year. Analysts expect that Shift4 Payments will post 3.11 EPS for the current fiscal year.

Insider Activity

In related news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was 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 owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several large investors have recently bought and sold shares of the company. Centaurus Financial Inc. lifted its stake in shares of Shift4 Payments by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares during the period. Lewis Asset Management LLC boosted its stake in Shift4 Payments by 3.2% during the first quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock worth $369,000 after acquiring an additional 175 shares in the last quarter. First Dallas Securities Inc. grew its holdings in Shift4 Payments by 1.8% in the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 25.7% during the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after purchasing an additional 202 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Shift4 Payments by 3.3% during the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after purchasing an additional 210 shares during the last quarter. 98.87% of the stock is 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.