Shift4 Payments (NYSE:FOUR) Receives Overweight Rating from Piper Sandler

Shift4 Payments (NYSE:FOUR - Get Free Report)'s stock had its "overweight" rating reissued by stock analysts at Piper Sandler in a research note issued on Wednesday,Benzinga reports. They currently have a $143.00 target price on the stock, up from their prior target price of $120.00. Piper Sandler's price objective points to a potential upside of 50.61% from the company's current price.

Other research analysts have also issued reports about the stock. Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Susquehanna upped their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research report on Wednesday, November 13th. DA Davidson upped their price target 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. The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target on the stock. 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.19.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded down $3.94 on Wednesday, reaching $94.95. 3,836,686 shares of the stock were exchanged, compared to its average volume of 1,702,052. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The business has a fifty day moving average price of $110.87 and a two-hundred day moving average price of $97.43. The firm has a market capitalization of $8.55 billion, a PE ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72.

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

Insider Buying and Selling

In other news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares of the company's stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was 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 directly owns 37,089 shares of the company's stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Insiders own 30.57% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments during the 4th quarter valued at $26,000. Rakuten Securities Inc. grew its holdings in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments during the 4th quarter valued at $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments during the 4th quarter valued at $29,000. Finally, Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the 3rd quarter valued at $25,000. 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.