Shift4 Payments (NYSE:FOUR) Given New $124.00 Price Target at DA Davidson

Shift4 Payments (NYSE:FOUR) had its target price reduced by DA Davidson from $140.00 to $124.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on FOUR. Susquehanna boosted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Royal Bank of Canada boosted their target price on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group boosted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 target price on the stock. Finally, Stephens reissued an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.95.

Shift4 Payments Stock Up 1.9 %

Shares of Shift4 Payments stock opened at $96.84 on Monday. The firm’s 50 day moving average price is $110.60 and its 200-day moving average price is $98.34. 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 $55.87 and a 52-week high of $127.50. The company has a market cap of $8.73 billion, a P/E ratio of 31.54, a PEG ratio of 1.04 and a beta of 1.72.

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

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 in the last three months. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after acquiring an additional 562,774 shares during the period. Wasatch Advisors LP raised its position in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after acquiring an additional 1,980,940 shares during the period. Jennison Associates LLC raised its position in Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares during the period. Darlington Partners Capital Management LP raised its position in Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after acquiring an additional 367,500 shares during the period. Finally, Westfield Capital Management Co. LP raised 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 worth $128,921,000 after acquiring an additional 12,804 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.