Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, DA Davidson Analyst Says

Shift4 Payments (NYSE:FOUR) had its target price increased by investment analysts at DA Davidson from $118.00 to $126.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 29.94% from the stock’s current price.

Several other analysts have also weighed in on the company. Benchmark reissued a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. BTIG Research increased their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stephens raised their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Oppenheimer began coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Finally, Piper Sandler raised their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Stock Performance

FOUR opened at $96.97 on Thursday. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock’s 50 day moving average price is $90.75 and its two-hundred day moving average price is $77.62. The firm has a market capitalization of $8.59 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $106.31.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million. On average, equities analysts forecast that Shift4 Payments will post 3.04 earnings per share for the current year.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated 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 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 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On 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 during the third quarter worth about $25,000. Transcendent Capital Group LLC acquired a new stake in Shift4 Payments during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in Shift4 Payments in the third quarter valued at approximately $32,000. Financial Management Professionals Inc. acquired a new position in shares of Shift4 Payments in the third quarter valued at approximately $56,000. Finally, Quarry LP bought a new stake in shares of Shift4 Payments during the second quarter worth $60,000. Institutional investors 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.