Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Shift4 Payments (NYSE:FOUR - Get Free Report) had its price target lifted by research analysts at The Goldman Sachs Group from $106.00 to $119.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential upside of 20.37% from the company's current price.

FOUR has been the topic of a number of other reports. DA Davidson upped their target price on shares of Shift4 Payments from $104.00 to $118.00 and gave the company a "buy" rating in a report on Monday, October 21st. Stephens lifted their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. William Blair started coverage on Shift4 Payments in a research note on Wednesday, September 4th. They issued an "outperform" rating on the stock. Wells Fargo & Company lifted their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Morgan Stanley increased their price objective 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. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.15.

Shift4 Payments Stock Down 2.5 %

Shares of FOUR stock traded down $2.51 during trading hours on Thursday, hitting $98.86. 1,521,656 shares of the company were exchanged, compared to its average volume of 1,370,373. The company has a market capitalization of $8.76 billion, a PE ratio of 53.68, a PEG ratio of 1.16 and a beta of 1.64. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $106.31. The business has a 50 day moving average of $89.89 and a two-hundred day moving average of $77.22. 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The company had revenue of $365.10 million for the quarter, compared to the consensus estimate of $369.07 million. Analysts anticipate that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the company'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 $18,827,693.97. This represents a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in FOUR. Centaurus Financial Inc. raised its stake in shares of Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company's stock valued at $345,000 after buying an additional 119 shares during the period. First Dallas Securities Inc. boosted its stake in Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company's stock worth $844,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp grew its holdings in Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company's stock valued at $72,000 after buying an additional 202 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Shift4 Payments by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company's stock worth $477,000 after buying an additional 210 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company's stock valued at $83,000 after acquiring an additional 241 shares during the period. Institutional investors own 98.87% of the company's stock.

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.