Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) Price Target at $87.11

Shift4 Payments, Inc. (NYSE:FOUR) has been assigned an average rating of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $89.16.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Shift4 Payments from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Benchmark reissued a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research report on Friday, August 9th. Finally, Oppenheimer began coverage on shares of Shift4 Payments in a research report on Tuesday. They issued an “outperform” rating and a $109.00 price objective for the company.

Insiders Place Their Bets

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Centaurus Financial Inc. lifted its position in Shift4 Payments by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares during the last quarter. Lewis Asset Management LLC raised its position in shares of Shift4 Payments by 3.2% during the 1st quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock worth $369,000 after buying an additional 175 shares in the last quarter. First Dallas Securities Inc. raised its position in shares of Shift4 Payments by 1.8% during the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after buying an additional 200 shares in the last quarter. J.Safra Asset Management Corp raised its position 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 in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position 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 in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Performance

Shares of FOUR opened at $89.18 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 59.85, a PEG ratio of 0.85 and a beta of 1.64. The company’s 50 day simple moving average is $78.64 and its 200 day simple moving average is $71.38. Shift4 Payments has a 1 year low of $42.91 and a 1 year high of $92.30.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The business had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, sell-side analysts predict that Shift4 Payments will post 3.13 EPS for the current year.

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.