Shift4 Payments (NYSE:FOUR) Given New $105.00 Price Target at Susquehanna

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by Susquehanna from $97.00 to $105.00 in a research note published on Monday,Benzinga reports. They currently have a positive rating on the stock.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group boosted their target price on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, October 14th. BTIG Research boosted their target price on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stephens boosted their target price on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Oppenheimer began coverage on 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, William Blair initiated coverage on Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.53.

Shift4 Payments Trading Down 0.4 %

NYSE:FOUR opened at $97.63 on Monday. Shift4 Payments has a fifty-two week low of $47.54 and a fifty-two week high of $99.00. 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 $8.65 billion, a PE ratio of 59.09, a price-to-earnings-growth ratio of 1.03 and a beta of 1.64. The business’s 50-day simple moving average is $87.92 and its 200-day simple moving average is $75.80.

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. The business had revenue of $320.60 million for the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a return on equity of 24.19% and a net margin of 3.64%. Shift4 Payments’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Sell-side analysts expect that Shift4 Payments will post 3.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade 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 insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently modified their holdings of FOUR. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $774,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Shift4 Payments by 15.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,739 shares of the company’s stock valued at $4,950,000 after acquiring an additional 9,646 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $251,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Shift4 Payments during the 1st quarter valued at $205,000. Finally, Swiss National Bank lifted its position in shares of Shift4 Payments by 0.9% during the 1st quarter. Swiss National Bank now owns 101,000 shares of the company’s stock valued at $6,673,000 after acquiring an additional 900 shares during the period. 98.87% of the stock is currently 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.