Shift4 Payments (NYSE:FOUR) Price Target Increased to $90.00 by Analysts at The Goldman Sachs Group

Shift4 Payments (NYSE:FOUR) had its price target boosted by The Goldman Sachs Group from $80.00 to $90.00 in a research report released on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

FOUR has been the subject of a number of other research reports. Redburn Atlantic upgraded shares of Shift4 Payments from a sell rating to a neutral rating and set a $53.00 price objective for the company in a research report on Friday, April 19th. Royal Bank of Canada restated an outperform rating and issued a $94.00 price target on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Morgan Stanley cut their price objective on Shift4 Payments from $70.00 to $66.00 and set an equal weight rating for the company in a research report on Friday, May 10th. DA Davidson restated a buy rating and set a $96.00 target price on shares of Shift4 Payments in a research report on Wednesday, May 15th. Finally, Wedbush began coverage on shares of Shift4 Payments in a report on Friday, May 24th. They issued a neutral rating and a $75.00 price target for the company. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of Moderate Buy and a consensus target price of $84.22.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $70.47 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.70 and a quick ratio of 1.70. The business has a 50 day simple moving average of $69.17 and a 200-day simple moving average of $70.86. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The stock has a market capitalization of $6.17 billion, a PE ratio of 47.30, a price-to-earnings-growth ratio of 0.90 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The firm had revenue of $263.70 million during the quarter, compared to analyst estimates of $268.55 million. Equities analysts predict that Shift4 Payments will post 3.04 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In related news, CEO Jared Isaacman purchased 85,916 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the acquisition, the chief executive officer now directly owns 582,827 shares in the company, valued at approximately $39,101,863.43. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jared Isaacman purchased 85,916 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of $67.09 per share, with a total value of $5,764,104.44. Following the purchase, the chief executive officer now directly owns 582,827 shares of the company’s stock, valued at $39,101,863.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $72.34, for a total transaction of $723,400.00. Following the completion of the transaction, the chief financial officer now directly owns 274,954 shares of the company’s stock, valued at approximately $19,890,172.36. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after acquiring an additional 347 shares during the period. CWM LLC raised its stake in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after purchasing an additional 241 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Shift4 Payments during the fourth quarter worth approximately $90,000. Clear Street Markets LLC acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $112,000. Finally, Natixis Investment Managers International purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at $116,000. 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.