Stephens Increases Shift4 Payments (NYSE:FOUR) Price Target to $110.00

Shift4 Payments (NYSE:FOUR - Get Free Report) had its price target upped by stock analysts at Stephens from $90.00 to $110.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Stephens' price objective suggests a potential upside of 14.86% from the company's current price.

FOUR has been the subject of several other research reports. Morgan Stanley increased their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an "equal weight" rating in a research report on Friday, August 9th. BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Barclays assumed coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price target on the stock. DA Davidson increased their price target on shares of Shift4 Payments from $96.00 to $104.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Finally, Wells Fargo & Company increased their price target on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and an average target price of $94.37.

Shift4 Payments Stock Up 1.1 %

Shares of FOUR stock traded up $1.05 on Friday, hitting $95.77. The stock had a trading volume of 750,804 shares, compared to its average volume of 1,369,538. The business has a 50 day moving average of $84.10 and a 200 day moving average of $73.07. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 64.23, a price-to-earnings-growth ratio of 1.01 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. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $96.96.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. The company had revenue of $320.60 million during the quarter, compared to analyst estimates of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The firm's revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. As a group, analysts expect that Shift4 Payments will post 3.11 EPS for the current year.

Insider Activity

In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated 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 of the company's stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated 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 of the company's stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares of the company's stock, valued at approximately $14,874,566.70. This represents 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

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of Shift4 Payments by 24.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,718 shares of the company's stock valued at $1,540,000 after purchasing an additional 4,101 shares during the period. First Hawaiian Bank grew its stake in shares of Shift4 Payments by 16.1% during the 1st quarter. First Hawaiian Bank now owns 6,615 shares of the company's stock valued at $437,000 after purchasing an additional 915 shares during the period. City Holding Co. bought a new stake in shares of Shift4 Payments during the 1st quarter valued at about $1,272,000. Global Trust Asset Management LLC bought a new stake in shares of Shift4 Payments during the 1st quarter valued at about $214,000. Finally, Annex Advisory Services LLC bought a new stake in shares of Shift4 Payments during the 1st quarter valued at about $312,000. Hedge funds and other 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.