DA Davidson Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its target price upped by DA Davidson from $118.00 to $126.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group lifted their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. BTIG Research raised their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays assumed coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective on the stock. Finally, Susquehanna raised 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. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.15.

Shift4 Payments Price Performance

FOUR traded down $2.47 during trading on Thursday, hitting $96.31. The company’s stock had a trading volume of 620,259 shares, compared to its average volume of 1,366,998. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 53.73, a P/E/G ratio of 1.18 and a beta of 1.64. The business’s fifty day simple moving average is $90.32 and its 200 day simple moving average is $77.37. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $106.31.

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

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently made changes to their positions in FOUR. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the third quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments in the 3rd quarter valued at $27,000. Toth Financial Advisory Corp acquired a new stake in Shift4 Payments during the 3rd quarter worth $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments during the 3rd quarter worth $56,000. Finally, Quarry LP acquired a new position in Shift4 Payments in the second quarter valued at $60,000. 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.