Shift4 Payments (NYSE:FOUR) PT Raised to $104.00

Shift4 Payments (NYSE:FOUR) had its price objective raised by equities researchers at DA Davidson from $96.00 to $104.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 44.46% from the stock’s current price.

Several other equities research analysts have also commented on FOUR. Redburn Atlantic raised shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price objective on the stock in a research note on Friday, April 19th. Mizuho cut their price target on Shift4 Payments from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. 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 research note on Friday. Wedbush assumed coverage on Shift4 Payments in a report on Friday, May 24th. They set a “neutral” rating and a $75.00 price target for the company. Finally, Benchmark reissued a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.44.

Shift4 Payments Stock Up 1.8 %

Shift4 Payments stock traded up $1.29 during trading hours on Friday, hitting $71.99. 803,198 shares of the stock traded hands, compared to its average volume of 1,390,140. Shift4 Payments has a one year low of $42.91 and a one year high of $92.30. The company has a market cap of $6.30 billion, a PE ratio of 48.26, a PEG ratio of 0.82 and a beta of 1.63. The firm’s 50-day moving average price is $69.91 and its two-hundred day moving average price is $70.14. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.96.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Shift4 Payments had a return on equity of 25.21% and a net margin of 3.38%. The firm had revenue of $263.70 million during the quarter, compared to the consensus estimate of $268.55 million. On average, research analysts forecast that Shift4 Payments will post 3.04 EPS for the current year.

Insider Transactions at Shift4 Payments

In related news, CEO Jared Isaacman acquired 85,916 shares of Shift4 Payments stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of $67.09 per share, for a total transaction of $5,764,104.44. Following the purchase, the chief executive officer now directly owns 582,827 shares of the company’s stock, valued at approximately $39,101,863.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now owns 9,474 shares of the company’s stock, valued at $682,696.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jared Isaacman purchased 85,916 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the transaction, the chief executive officer now owns 582,827 shares of the company’s stock, valued at $39,101,863.43. The disclosure for this purchase can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently modified their holdings of the company. Wasatch Advisors LP raised its stake in Shift4 Payments by 34.3% during the 1st quarter. Wasatch Advisors LP now owns 3,451,361 shares of the company’s stock valued at $228,031,000 after purchasing an additional 881,216 shares during the period. Jennison Associates LLC raised its position in shares of Shift4 Payments by 25.7% during the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after buying an additional 601,749 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Shift4 Payments by 2.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,083,024 shares of the company’s stock worth $154,852,000 after buying an additional 57,466 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of 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 acquiring an additional 255,741 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in Shift4 Payments by 72.8% during the first quarter. Westfield Capital Management Co. LP now owns 1,333,252 shares of the company’s stock valued at $88,088,000 after acquiring an additional 561,707 shares in the last quarter. 98.87% of the stock is currently owned by 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.