Stephens Raises Shift4 Payments (NYSE:FOUR) Price Target to $110.00

Shift4 Payments (NYSE:FOUR) had its price objective increased by equities research analysts at Stephens from $90.00 to $110.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ price objective would suggest a potential upside of 13.68% from the company’s previous close.

A number of other analysts also recently commented on FOUR. Susquehanna reiterated a “positive” rating and issued a $97.00 price objective on shares of Shift4 Payments in a report on Thursday, September 12th. Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock. DA Davidson raised their price objective on shares of Shift4 Payments from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wells Fargo & Company upped their price target on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Finally, William Blair initiated coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.37.

Shift4 Payments Stock Up 2.2 %

Shares of FOUR stock traded up $2.04 during trading hours on Friday, reaching $96.76. 326,545 shares of the company’s stock were exchanged, compared to its average volume of 1,367,438. The stock’s 50 day moving average is $84.10 and its 200-day moving average is $73.07. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $96.96. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 64.94, a P/E/G ratio of 1.01 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million for the quarter, compared to the consensus estimate of $314.10 million. During the same period in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. Analysts predict that Shift4 Payments will post 3.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on 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 completion of the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. grew its holdings in Shift4 Payments by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after acquiring an additional 119 shares during the last quarter. Lewis Asset Management LLC boosted its holdings in shares of Shift4 Payments by 3.2% in the first quarter. Lewis Asset Management LLC now owns 5,585 shares of the company’s stock valued at $369,000 after buying an additional 175 shares during the period. First Dallas Securities Inc. increased its holdings in 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 purchasing an additional 200 shares in the last quarter. J.Safra Asset Management Corp raised its position in Shift4 Payments by 25.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after buying an additional 202 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of 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 purchasing an additional 210 shares in the last quarter. 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.