Shift4 Payments, Inc. (NYSE:FOUR – Get Rating) rose 3.5% on Friday after Truist Financial raised their price target on the stock from $55.00 to $80.00. Truist Financial currently has a buy rating on the stock. Shift4 Payments traded as high as $62.46 and last traded at $62.31. Approximately 2,122 shares were traded during trading, a decline of 100% from the average daily volume of 1,146,861 shares. The stock had previously closed at $60.23.
A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada decreased their price objective on Shift4 Payments from $65.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, November 8th. Piper Sandler restated an “overweight” rating and set a $69.00 price objective on shares of Shift4 Payments in a research note on Thursday, December 29th. The Goldman Sachs Group upgraded Shift4 Payments from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $48.00 to $67.00 in a research note on Monday, January 9th. Morgan Stanley upped their target price on Shift4 Payments from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Monday, October 24th. Finally, Wolfe Research upped their target price on Shift4 Payments from $55.00 to $70.00 in a research report on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.71.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Crewe Advisors LLC acquired a new position in shares of Shift4 Payments in the second quarter valued at about $29,000. Neo Ivy Capital Management acquired a new position in shares of Shift4 Payments in the second quarter valued at about $34,000. FNY Investment Advisers LLC acquired a new stake in Shift4 Payments during the fourth quarter worth about $47,000. Captrust Financial Advisors grew its holdings in Shift4 Payments by 419.7% during the second quarter. Captrust Financial Advisors now owns 1,502 shares of the company’s stock worth $50,000 after acquiring an additional 1,213 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Shift4 Payments by 47.6% during the second quarter. Asset Management One Co. Ltd. now owns 1,669 shares of the company’s stock worth $55,000 after acquiring an additional 538 shares during the period. 66.89% of the stock is owned by institutional investors and hedge funds.
Shift4 Payments Stock Performance
Shift4 Payments (NYSE:FOUR – Get Rating) last posted its earnings results on Monday, November 7th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $196.70 million for the quarter, compared to analyst estimates of $189.35 million. Shift4 Payments had a return on equity of 8.53% and a net margin of 1.97%. On average, sell-side analysts anticipate that Shift4 Payments, Inc. will post 0.75 earnings per share for the current fiscal 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.
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