Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) Target Price at $112.38

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $114.25.

Several analysts have issued reports on FOUR shares. Raymond James dropped their target price on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 4th. Piper Sandler decreased their price objective on Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada dropped their price objective on Shift4 Payments from $154.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. BTIG Research cut their target price on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Oppenheimer decreased their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th.

Shift4 Payments Stock Up 5.2%

NYSE FOUR opened at $89.98 on Friday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments has a 52 week low of $57.45 and a 52 week high of $127.50. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.04 and a beta of 1.80. The company has a fifty day moving average of $82.74 and a two-hundred day moving average of $97.93.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $368.50 million during the quarter, compared to the consensus estimate of $886.09 million. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last ninety days. 30.57% of the stock is owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of large investors have recently made changes to their positions in the company. Tidal Investments LLC increased its position in Shift4 Payments by 66.1% during the third quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock worth $714,000 after buying an additional 3,206 shares during the period. GAMMA Investing LLC grew its position in shares of Shift4 Payments by 548.2% during the fourth quarter. GAMMA Investing LLC now owns 551 shares of the company’s stock worth $57,000 after acquiring an additional 466 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Shift4 Payments by 1.3% in the 4th quarter. Nordea Investment Management AB now owns 56,454 shares of the company’s stock valued at $5,889,000 after acquiring an additional 728 shares during the period. CHICAGO TRUST Co NA acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $315,000. Finally, Moody National Bank Trust Division raised its position in Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after purchasing an additional 7,349 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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.