Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Target Price at $95.11

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $95.11.

A number of equities analysts have recently issued reports on FOUR shares. Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday. Oppenheimer assumed coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $109.00 price objective for the company. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Morgan Stanley increased their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. Finally, DA Davidson boosted their price target on shares of Shift4 Payments from $104.00 to $118.00 and gave the company a "buy" rating in a research note on Monday.

Insider Buying and Selling at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jordan Frankel sold 12,500 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company's stock.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in Shift4 Payments by 10,217.7% during the 3rd quarter. International Assets Investment Management LLC now owns 160,543 shares of the company's stock valued at $14,224,000 after acquiring an additional 158,987 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the third quarter valued at $25,000. Toth Financial Advisory Corp bought a new stake in shares of Shift4 Payments during the 3rd quarter valued at $32,000. Allspring Global Investments Holdings LLC raised its stake in shares of Shift4 Payments by 245.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company's stock valued at $14,294,000 after purchasing an additional 114,659 shares during the period. Finally, Bleakley Financial Group LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth about $889,000. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Trading Down 1.7 %

FOUR traded down $1.60 during trading on Tuesday, hitting $92.99. The company's stock had a trading volume of 677,919 shares, compared to its average volume of 1,363,545. The firm has a market capitalization of $8.14 billion, a P/E ratio of 62.41, a PEG ratio of 1.01 and a beta of 1.64. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $96.96. The stock's fifty day moving average price is $85.36 and its 200-day moving average price is $73.74. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83.

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

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.