Stephens Boosts Shift4 Payments (NYSE:FOUR) Price Target to $110.00

Shift4 Payments (NYSE:FOUR) had its target price lifted by Stephens from $90.00 to $110.00 in a research note published on Friday morning, Benzinga reports. Stephens currently has an overweight rating on the stock.

Several other research firms have also commented on FOUR. Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Morgan Stanley lifted their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Wells Fargo & Company increased their price target on Shift4 Payments from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Benchmark reaffirmed a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.11.

Shift4 Payments Price Performance

NYSE:FOUR opened at $94.59 on Friday. The company has a market capitalization of $8.28 billion, a P/E ratio of 63.48, a P/E/G ratio of 1.01 and a beta of 1.64. The business’s 50-day moving average is $85.03 and its 200 day moving average is $73.56. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $96.96.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results 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 quarter in the previous year, the business posted $0.58 earnings per share. Shift4 Payments’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts forecast that Shift4 Payments will post 3.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Toth Financial Advisory Corp purchased a new position in Shift4 Payments in the third quarter valued at about $32,000. J.Safra Asset Management Corp boosted its holdings in shares of Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after buying an additional 347 shares in the last quarter. Quarry LP purchased a new position in shares of Shift4 Payments in the 2nd quarter worth approximately $60,000. CWM LLC raised its stake in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after acquiring an additional 241 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Shift4 Payments by 52,033.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company’s stock worth $108,000 after acquiring an additional 1,561 shares in the last quarter. 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.