Shift4 Payments (NYSE:FOUR) Price Target Raised to $125.00

Shift4 Payments (NYSE:FOUR) had its price target lifted by Keefe, Bruyette & Woods from $112.00 to $125.00 in a report published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other analysts have also weighed in on FOUR. The Goldman Sachs Group raised their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday. Morgan Stanley raised their price objective on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.19.

Shift4 Payments Stock Down 4.0 %

Shares of NYSE FOUR opened at $94.95 on Thursday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The stock has a market capitalization of $8.55 billion, a P/E ratio of 30.93, a PEG ratio of 1.04 and a beta of 1.72. The stock’s fifty day moving average is $110.73 and its 200 day moving average is $97.91.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Sell-side analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock valued at $1,211,364 over the last ninety days. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its holdings in Shift4 Payments by 2.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company’s stock worth $8,412,000 after purchasing an additional 1,736 shares in the last quarter. Pacific Point Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth approximately $726,000. JT Stratford LLC lifted its stake in shares of Shift4 Payments by 15.9% in the fourth quarter. JT Stratford LLC now owns 18,477 shares of the company’s stock valued at $1,918,000 after buying an additional 2,537 shares in the last quarter. Castleark Management LLC lifted its stake in shares of Shift4 Payments by 15.2% in the fourth quarter. Castleark Management LLC now owns 78,940 shares of the company’s stock valued at $8,192,000 after buying an additional 10,440 shares in the last quarter. Finally, Elequin Capital LP lifted its stake in shares of Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. 98.87% of the stock is currently 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.