Shift4 Payments (NYSE:FOUR) Given New $150.00 Price Target at B. Riley

Shift4 Payments (NYSE:FOUR) had its price target upped by B. Riley from $110.00 to $150.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock. B. Riley also issued estimates for Shift4 Payments’ Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $2.96 EPS and FY2025 earnings at $4.17 EPS.

FOUR has been the topic of several other research reports. DA Davidson upped their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Benchmark restated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Thursday, September 5th. Piper Sandler increased their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. BTIG Research increased 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. Finally, Stephens increased 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. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.15.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $114.08 on Tuesday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $10.28 billion, a P/E ratio of 62.00, a PEG ratio of 1.43 and a beta of 1.64. The stock’s 50 day moving average is $96.21 and its 200 day moving average is $81.00. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $116.84.

Insider Buying and Selling at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments 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 sale, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. 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 made changes to their positions in the company. Centaurus Financial Inc. increased its holdings 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 worth $345,000 after purchasing an additional 119 shares during the last quarter. First Dallas Securities Inc. increased its holdings 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 worth $844,000 after purchasing an additional 200 shares during the last quarter. J.Safra Asset Management Corp grew its position in Shift4 Payments by 25.7% in the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after acquiring an additional 202 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Shift4 Payments by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after acquiring an additional 210 shares in the last quarter. Finally, CWM LLC grew its position in Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after acquiring an additional 241 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

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.