DA Davidson Boosts Shift4 Payments (NYSE:FOUR) Price Target to $118.00

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective raised by DA Davidson from $104.00 to $118.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on FOUR. Benchmark reaffirmed a "buy" rating and set a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. BTIG Research lifted their target price 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. William Blair started coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They set an "outperform" rating for the company. Morgan Stanley lifted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Finally, Barclays assumed coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an "overweight" rating and a $120.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.11.

Shift4 Payments Stock Performance

NYSE:FOUR traded down $1.12 during trading hours on Monday, reaching $94.59. 838,230 shares of the company's stock were exchanged, compared to its average volume of 1,366,922. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 63.48, a P/E/G ratio of 1.01 and a beta of 1.64. Shift4 Payments has a 1-year low of $42.91 and a 1-year high of $96.96. The company has a 50-day moving average of $85.03 and a 200 day moving average of $73.56.

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

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction on 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 $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The trade was 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.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $32,000. J.Safra Asset Management Corp raised its stake in Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company's stock worth $52,000 after purchasing an additional 347 shares during the period. Quarry LP acquired a new position in shares of Shift4 Payments in the 2nd quarter valued at $60,000. CWM LLC grew its stake in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company's stock valued at $83,000 after buying an additional 241 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Shift4 Payments by 52,033.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,564 shares of the company's stock valued at $108,000 after buying an additional 1,561 shares during the period. Institutional investors and hedge funds 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.