Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Piper Sandler Analyst Says

Shift4 Payments (NYSE:FOUR - Get Free Report) had its target price lifted by analysts at Piper Sandler from $93.00 to $120.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price target would suggest a potential upside of 17.96% from the stock's current price.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Benchmark reissued a "buy" rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. William Blair initiated coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an "outperform" rating on the stock. Stephens increased their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $99.10.

Shift4 Payments Trading Up 2.6 %

NYSE FOUR traded up $2.61 during trading hours on Wednesday, reaching $101.73. The company had a trading volume of 1,811,557 shares, compared to its average volume of 1,367,687. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31. The stock has a market capitalization of $9.01 billion, a P/E ratio of 56.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The stock has a 50-day moving average of $89.41 and a 200 day moving average of $77.05. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, meeting analysts' consensus estimates of $0.91. The firm had revenue of $365.10 million during the quarter, compared to analysts' expectations of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. As a group, research analysts anticipate that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company'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 sale, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was 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 of the company's stock, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently made changes to their positions in FOUR. Jennison Associates LLC boosted its holdings 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 purchasing an additional 242,179 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company's stock worth $169,800,000 after acquiring an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company's stock worth $126,947,000 after acquiring an additional 1,716,132 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock valued at $128,921,000 after purchasing an additional 12,804 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Shift4 Payments by 21.7% during the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company's stock worth $94,803,000 after purchasing an additional 255,741 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.