Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Price Target at $115.30

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $115.30.

Several research firms have recently weighed in on FOUR. Barclays reduced their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Keefe, Bruyette & Woods upped their price objective on Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Piper Sandler reaffirmed an “overweight” rating and set a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Oppenheimer reduced their price objective on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, B. Riley upped their price objective on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Shift4 Payments Stock Up 1.4 %

Shift4 Payments stock opened at $88.69 on Friday. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The company has a market capitalization of $7.90 billion, a P/E ratio of 28.89, a PEG ratio of 1.04 and a beta of 1.76. The stock has a 50-day simple moving average of $105.25 and a 200-day simple moving average of $99.86.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Equities research analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,695 shares of company stock worth $1,097,380. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after acquiring an additional 562,774 shares during the period. Wasatch Advisors LP grew its holdings in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after buying an additional 1,980,940 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after buying an additional 367,500 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after buying an additional 12,804 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after buying an additional 350,703 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.