Piper Sandler Reaffirms Overweight Rating for Shift4 Payments (NYSE:FOUR)

Piper Sandler reaffirmed their overweight rating on shares of Shift4 Payments (NYSE:FOUR) in a research note published on Wednesday,Benzinga reports. The firm currently has a $143.00 price target on the stock, up from their previous price target of $120.00.

FOUR has been the subject of a number of other research reports. B. Riley increased their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley increased their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Oppenheimer increased their price objective on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Susquehanna increased their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $114.19.

Shift4 Payments Stock Down 4.0 %

Shares of Shift4 Payments stock opened at $94.95 on Wednesday. The company has a market cap of $8.55 billion, a P/E ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50. The firm has a fifty day moving average of $110.73 and a two-hundred day moving average of $97.66.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. On average, analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 in the last ninety days. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently modified their holdings of FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $26,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $27,000. Rakuten Securities Inc. boosted its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments in the fourth quarter worth approximately $28,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.