Shift4 Payments (NYSE:FOUR) Given New $120.00 Price Target at Piper Sandler

Shift4 Payments (NYSE:FOUR) had its price target hoisted by equities researchers at Piper Sandler from $93.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 21.38% from the company’s previous close.

A number of other research firms also recently commented on FOUR. Morgan Stanley upped their price objective on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Benchmark reaffirmed a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Oppenheimer initiated coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Finally, DA Davidson upped their price objective on shares of Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Stock Down 2.5 %

Shares of NYSE FOUR opened at $98.86 on Wednesday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $106.31. The firm’s 50-day moving average is $89.89 and its 200-day moving average is $77.22. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $8.76 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The firm had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. Equities analysts expect that Shift4 Payments will post 3.04 EPS for the current year.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the 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 completion of the sale, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its position in shares of Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after buying an additional 119 shares during the last quarter. First Dallas Securities Inc. raised its position in shares of Shift4 Payments by 1.8% in the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp lifted its stake in shares of Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after buying an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after buying an additional 210 shares during the period. Finally, CWM LLC boosted its holdings in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 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.