Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Price Target at $114.40

Shift4 Payments, Inc. (NYSE:FOUR) has been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $114.40.

A number of analysts recently issued reports on FOUR shares. William Blair reissued an “outperform” rating on shares of Shift4 Payments in a report on Wednesday, April 30th. The Goldman Sachs Group restated a “buy” rating and issued a $104.00 price objective on shares of Shift4 Payments in a research report on Wednesday, August 6th. Wall Street Zen lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Raymond James Financial reissued a “strong-buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research report on Thursday, July 17th. They set a “buy” rating and a $120.00 price objective for the company.

Shift4 Payments Trading Up 2.6%

NYSE FOUR opened at $91.0380 on Monday. Shift4 Payments has a 1 year low of $68.09 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market capitalization of $8.05 billion, a PE ratio of 33.72, a P/E/G ratio of 0.90 and a beta of 1.81. The company has a fifty day moving average of $97.13 and a 200 day moving average of $92.55.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In related news, Chairman Jared Isaacman purchased 104,705 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the acquisition, the chairman owned 939,715 shares in the company, valued at $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James J. Whalen sold 794 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,551 shares of company stock worth $1,329,822 over the last 90 days. Corporate insiders own 25.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC lifted its position in Shift4 Payments by 35.7% in the fourth quarter. Cerity Partners LLC now owns 4,629 shares of the company’s stock valued at $480,000 after buying an additional 1,218 shares during the last quarter. Mariner LLC raised its stake in Shift4 Payments by 2.7% in the fourth quarter. Mariner LLC now owns 23,991 shares of the company’s stock valued at $2,490,000 after buying an additional 630 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in Shift4 Payments during the fourth quarter worth approximately $951,000. Marshall Wace LLP boosted its holdings in shares of Shift4 Payments by 2,682.7% in the 4th quarter. Marshall Wace LLP now owns 148,626 shares of the company’s stock valued at $15,424,000 after buying an additional 143,285 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Shift4 Payments by 780.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 44,590 shares of the company’s stock valued at $4,632,000 after purchasing an additional 39,527 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other 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.