B. Riley Forecasts Strong Price Appreciation for Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments (NYSE:FOUR) had its price objective raised by investment analysts at B. Riley from $104.00 to $110.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 7.36% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Benchmark reaffirmed a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. Susquehanna upped their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday. Oppenheimer assumed coverage on Shift4 Payments in a report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price on the stock. Finally, William Blair started coverage on Shift4 Payments in a research report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $99.10.

Shift4 Payments Stock Performance

Shift4 Payments stock traded up $3.34 during trading hours on Wednesday, hitting $102.46. 1,202,260 shares of the stock traded hands, compared to its average volume of 1,364,917. The firm’s 50 day moving average price is $89.41 and its 200-day moving average price is $77.05. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 56.16, a P/E/G ratio of 1.16 and a beta of 1.64. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $106.31.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. As a group, equities analysts expect that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments 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 sale, the chief financial officer now directly 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 legal filing with the SEC, which is available at this link. In other news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on 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 owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Trading of Shift4 Payments

Several large investors have recently bought and sold shares of FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the 3rd quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments in the third quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Shift4 Payments in the third quarter valued at about $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments during the third quarter worth about $56,000. Finally, J.Safra Asset Management Corp boosted its holdings in 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 purchasing an additional 347 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.