Piper Sandler Boosts Shift4 Payments (NYSE:FOUR) Price Target to $120.00

Shift4 Payments (NYSE:FOUR) had its target price lifted by analysts at Piper Sandler from $93.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 21.38% from the stock’s current price.

FOUR has been the topic of several other reports. William Blair assumed coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. Susquehanna raised their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday. Oppenheimer assumed coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price for the company. DA Davidson lifted their price target on shares of Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, BTIG Research boosted their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three equities 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 stock has a consensus rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Stock Down 2.5 %

FOUR opened at $98.86 on Wednesday. The company has a market capitalization of $8.76 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $106.31. The business has a 50-day moving average of $89.89 and a 200-day moving average of $77.22.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The firm had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million. Equities research analysts forecast that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments 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 value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of large investors have recently bought and sold shares of FOUR. Waldron Private Wealth LLC acquired a new position in Shift4 Payments in the third quarter worth $25,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments during the 3rd quarter worth about $27,000. Toth Financial Advisory Corp bought a new stake in Shift4 Payments during the 3rd quarter worth about $32,000. J.Safra Asset Management Corp increased its position in Shift4 Payments by 79.0% in the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock valued at $52,000 after acquiring an additional 347 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in shares of Shift4 Payments in the third quarter worth about $56,000. 98.87% of the stock is currently 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.