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

Shift4 Payments (NYSE:FOUR) had its price objective upped by analysts at Stephens from $90.00 to $110.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target would suggest a potential upside of 13.68% from the stock’s previous close.

FOUR has been the topic of a number of other research reports. The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley lifted their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Benchmark reissued a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. Wells Fargo & Company boosted their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Finally, Barclays began coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective on the stock. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $94.37.

Shift4 Payments Trading Up 2.2 %

Shares of FOUR traded up $2.04 during midday trading on Friday, hitting $96.76. The stock had a trading volume of 326,545 shares, compared to its average volume of 1,367,438. Shift4 Payments has a 1 year low of $42.91 and a 1 year high of $96.96. The stock’s 50 day moving average is $84.10 and its 200 day moving average is $73.07. The firm has a market cap of $8.47 billion, a PE ratio of 64.94, a price-to-earnings-growth 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 released its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. The firm had revenue of $320.60 million during the quarter, compared to the consensus estimate of $314.10 million. During the same period in the previous year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, analysts forecast that Shift4 Payments will post 3.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 Shift4 Payments stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $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 Trading of Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its position in Shift4 Payments by 34.3% in the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock worth $228,031,000 after buying an additional 881,216 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after buying an additional 235,355 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after purchasing an additional 1,716,132 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Shift4 Payments by 21.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after buying an additional 255,741 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Shift4 Payments by 72.8% during the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock worth $88,088,000 after acquiring an additional 561,707 shares during the last quarter. 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.