Shift4 Payments (NYSE:FOUR) Price Target Raised to $120.00

Shift4 Payments (NYSE:FOUR) had its target price upped by Susquehanna from $105.00 to $120.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a positive rating on the stock.

Several other brokerages have also commented on FOUR. Stephens lifted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Oppenheimer started coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective on the stock. The Goldman Sachs Group raised their target price on Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, DA Davidson lifted their price objective on Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Trading Down 1.8 %

Shares of FOUR stock opened at $96.97 on Wednesday. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $106.31. The company has a 50-day simple moving average of $90.75 and a two-hundred day simple moving average of $77.62. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.34 and a current ratio of 2.98. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.18 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. Research analysts anticipate that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Activity

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 transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the firm’s 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 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 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its position 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 purchasing an additional 1,980,940 shares during the period. Jennison Associates LLC increased its position in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the period. Clearbridge Investments LLC increased its position in shares of Shift4 Payments by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after buying an additional 235,355 shares during the period. The Manufacturers Life Insurance Company raised its stake in 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 worth $126,947,000 after buying an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after buying an additional 12,804 shares during the period. 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.