Shift4 Payments (NYSE:FOUR) Given New $110.00 Price Target at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its target price upped by research analysts at Wells Fargo & Company from $100.00 to $110.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 7.36% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Stephens lifted their price target 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. William Blair began coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating for the company. The Goldman Sachs Group raised their price objective on Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Oppenheimer started coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price for the company. Finally, Piper Sandler increased their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $99.10.

Shift4 Payments Stock Performance

Shift4 Payments stock traded up $3.34 during mid-day trading on Wednesday, reaching $102.46. 1,202,260 shares of the stock traded hands, compared to its average volume of 1,364,917. The stock has a market capitalization of $9.08 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The business’s 50-day moving average is $89.41 and its 200-day moving average is $77.05. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $106.31.

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

Insider Buying and Selling at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred on 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 transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their position. 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 bought and sold shares of the business. Waldron Private Wealth LLC purchased a new stake in shares of Shift4 Payments during the third quarter valued at $25,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments during the 3rd quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new stake in Shift4 Payments in the 3rd quarter valued at about $32,000. J.Safra Asset Management Corp grew its stake in 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 in the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of Shift4 Payments during the third quarter worth approximately $56,000. 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.