Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Target Price at $107.85

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus recommendation of “Moderate Buy” by the twenty-three research firms that are presently covering the company, MarketBeat Ratings reports. Seven 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 twelve-month price objective among brokers that have issued a report on the stock in the last year is $107.85.

FOUR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target for the company. Truist Financial set a $80.00 price target on shares of Shift4 Payments in a report on Friday, October 24th. Mizuho reduced their price target on shares of Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. DA Davidson reduced their price target on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $68.51 on Friday. Shift4 Payments has a 1 year low of $66.11 and a 1 year high of $127.50. The firm’s fifty day simple moving average is $80.95 and its 200 day simple moving average is $88.72. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $6.06 billion, a PE ratio of 25.37, a PEG ratio of 0.70 and a beta of 1.72.

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

Insider Buying and Selling at Shift4 Payments

In other news, CEO David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the transaction, the insider directly owned 56,324 shares of the company’s stock, valued at $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 25.15% 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. AlphaQuest LLC lifted its holdings in shares of Shift4 Payments by 14,052.8% during the 3rd quarter. AlphaQuest LLC now owns 15,285 shares of the company’s stock worth $1,183,000 after acquiring an additional 15,177 shares during the period. Broadcrest Asset Management LLC bought a new position in shares of Shift4 Payments during the 3rd quarter worth about $1,161,000. Phoenix Financial Ltd. bought a new position in shares of Shift4 Payments during the 3rd quarter worth about $519,000. LBP AM SA bought a new position in shares of Shift4 Payments during the 3rd quarter worth about $4,342,000. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Shift4 Payments by 3.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 80,367 shares of the company’s stock worth $6,220,000 after acquiring an additional 2,479 shares during the period. 98.87% of the stock is owned by 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.