Keefe, Bruyette & Woods Boosts Shift4 Payments (NYSE:FOUR) Price Target to $125.00

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $112.00 to $125.00 in a research note released on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other equities research analysts also recently issued reports about the stock. DA Davidson boosted their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a "hold" rating and a $120.00 price target on the stock. Bank of America cut shares of Shift4 Payments from a "buy" rating to a "neutral" rating and reduced their price target for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.19.

Shift4 Payments Trading Down 4.0 %

Shift4 Payments stock traded down $3.94 during trading on Thursday, reaching $94.95. The company had a trading volume of 3,891,714 shares, compared to its average volume of 1,733,772. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The stock's 50 day moving average price is $110.73 and its two-hundred day moving average price is $97.66. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.93, a PEG 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.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts expect that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business's stock in a transaction on Thursday, December 5th. The shares were 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 owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % 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, insider Jordan Frankel sold 5,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company's stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 over the last ninety days. Corporate insiders own 30.57% of the company's stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock worth $678,668,000 after acquiring an additional 562,774 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock worth $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Jennison Associates LLC grew its position in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock worth $251,098,000 after acquiring an additional 242,179 shares during the last quarter. Darlington Partners Capital Management LP grew its position in shares of Shift4 Payments by 17.2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after acquiring an additional 367,500 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock worth $128,921,000 after acquiring an additional 12,804 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

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.