Shift4 Payments (NYSE:FOUR) Given New $110.00 Price Target at B. Riley

Shift4 Payments (NYSE:FOUR) had its target price increased by stock analysts at B. Riley from $104.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 7.36% from the stock’s previous close.

A number of other research firms have also recently commented on FOUR. Barclays began coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Benchmark reissued a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. DA Davidson lifted their target price on Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Oppenheimer began coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $99.10.

Shift4 Payments Trading Up 3.4 %

Shares of NYSE:FOUR traded up $3.34 during midday trading on Wednesday, reaching $102.46. 1,202,260 shares of the company’s stock were exchanged, compared to its average volume of 1,364,917. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 56.16, a P/E/G ratio of 1.16 and a beta of 1.64. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $106.31. The firm’s 50 day simple moving average is $89.41 and its two-hundred day simple moving average is $77.05. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The business had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million. As a group, sell-side analysts forecast that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Shift4 Payments in the 1st quarter valued at approximately $205,000. Swiss National Bank increased its stake in Shift4 Payments by 0.9% in the 1st quarter. Swiss National Bank now owns 101,000 shares of the company’s stock valued at $6,673,000 after buying an additional 900 shares during the period. GM Advisory Group LLC purchased a new position in Shift4 Payments during the 1st quarter worth $298,000. J.Safra Asset Management Corp lifted its stake in shares of Shift4 Payments by 79.0% in 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. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Shift4 Payments in the 1st quarter worth $391,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.