The Goldman Sachs Group Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by The Goldman Sachs Group from $106.00 to $119.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 22.72% from the company’s current price.

Several other brokerages have also recently weighed in on FOUR. Stephens boosted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Benchmark reaffirmed a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a report on Thursday, September 5th. BTIG Research increased their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Susquehanna raised their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their target price on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Trading Down 1.8 %

NYSE FOUR opened at $96.97 on Thursday. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $106.31. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The business’s fifty day moving average is $90.75 and its 200 day moving average is $77.62.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. As a group, sell-side analysts expect that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of the 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 completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the business’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 transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds have recently modified their holdings of FOUR. Wasatch Advisors LP increased its position in shares of Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Jennison Associates LLC increased its position in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after purchasing an additional 235,355 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after buying an additional 12,804 shares during the period. Institutional investors own 98.87% of the company’s stock.

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.