Shift4 Payments, Inc. (NYSE:FOUR) Receives $115.30 Average PT from Brokerages

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $115.30.

FOUR has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a report on Monday, March 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Oppenheimer lowered their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of hedge funds have recently made changes to their positions in the stock. Atria Investments Inc purchased a new stake in Shift4 Payments in the 3rd quarter worth approximately $385,000. Swiss National Bank raised its holdings in shares of Shift4 Payments by 1.5% during the third quarter. Swiss National Bank now owns 109,000 shares of the company’s stock worth $9,657,000 after acquiring an additional 1,600 shares in the last quarter. Avior Wealth Management LLC boosted its position in Shift4 Payments by 31.9% during the third quarter. Avior Wealth Management LLC now owns 4,675 shares of the company’s stock valued at $414,000 after purchasing an additional 1,130 shares during the last quarter. King Luther Capital Management Corp grew its stake in Shift4 Payments by 54.5% in the third quarter. King Luther Capital Management Corp now owns 46,638 shares of the company’s stock valued at $4,132,000 after purchasing an additional 16,460 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Shift4 Payments by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company’s stock worth $37,894,000 after purchasing an additional 50,664 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Trading Up 0.5 %

Shift4 Payments stock opened at $86.59 on Friday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The firm’s 50-day moving average is $103.93 and its 200-day moving average is $99.82. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The company has a market cap of $7.72 billion, a P/E ratio of 28.21, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. On average, equities analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

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.