The Goldman Sachs Group Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective lifted by The Goldman Sachs Group from $106.00 to $119.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the stock. Barclays assumed coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. Oppenheimer began coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective for the company. BTIG Research upped their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Benchmark reissued a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Finally, DA Davidson upped their price target on shares of Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Trading Down 2.3 %

Shares of FOUR stock traded down $2.28 during trading hours on Thursday, reaching $96.50. 754,125 shares of the stock traded hands, compared to its average volume of 1,367,601. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31. The business has a fifty day moving average price of $90.32 and a 200 day moving average price of $77.37. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $8.55 billion, a PE ratio of 53.73, a PEG ratio of 1.18 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. The business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $369.07 million. On average, equities research analysts forecast that Shift4 Payments will post 3.04 EPS for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, 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 transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s 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 sale, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Shift4 Payments in the first quarter valued at about $205,000. Swiss National Bank boosted its position in Shift4 Payments by 0.9% during the first quarter. Swiss National Bank now owns 101,000 shares of the company’s stock worth $6,673,000 after purchasing an additional 900 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in Shift4 Payments during the first quarter worth approximately $391,000. Forge First Asset Management Inc. purchased a new position in Shift4 Payments during the first quarter worth approximately $1,242,000. Finally, Westfield Capital Management Co. LP lifted its position in shares of Shift4 Payments by 72.8% in the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after acquiring an additional 561,707 shares in the last quarter. 98.87% of the stock is 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.