Shift4 Payments (NYSE:FOUR) Price Target Raised to $154.00

Shift4 Payments (NYSE:FOUR) had its price target raised by Royal Bank of Canada from $116.00 to $154.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently commented on FOUR. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target on the stock. DA Davidson boosted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Piper Sandler reiterated an “overweight” rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday. Finally, Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.19.

Shift4 Payments Trading Down 4.0 %

Shares of Shift4 Payments stock opened at $94.95 on Wednesday. The company has a market capitalization of $8.55 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.09 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company has a fifty day moving average of $110.73 and a 200 day moving average of $97.66. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. On average, sell-side analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently added to or reduced their stakes in FOUR. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the 3rd quarter worth about $25,000. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the 4th quarter worth about $26,000. Transcendent Capital Group LLC bought a new position in Shift4 Payments in the 3rd quarter worth about $27,000. Rakuten Securities Inc. grew its stake in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Shift4 Payments in the 4th quarter worth about $28,000. 98.87% of the stock is currently owned by institutional investors.

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.