Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Price Target at $96.95

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus rating of “Moderate Buy” by the twenty-two brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $96.70.

Several equities research analysts have issued reports on FOUR shares. UBS Group dropped their price objective on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Shift4 Payments in a research note on Monday. Oppenheimer cut their price target on shares of Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Mizuho reduced their price objective on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Morgan Stanley dropped their target price on shares of Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd.

Insider Buying and Selling

In other news, insider James J. Whalen sold 1,438 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the completion of the transaction, the insider owned 54,736 shares in the company, valued at approximately $3,913,624. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Taylor Lauber sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the sale, the chief executive officer owned 273,588 shares of the company’s stock, valued at $18,877,572. This trade represents a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,438 shares of company stock worth $1,278,317. Corporate insiders own 25.15% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently added to or reduced their stakes in the business. Durable Capital Partners LP raised its holdings in shares of Shift4 Payments by 12.6% during the second quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock worth $660,612,000 after purchasing an additional 745,650 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Shift4 Payments by 16.4% in the 2nd quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock valued at $628,215,000 after buying an additional 890,990 shares during the period. Darlington Partners Capital Management LP grew its position in shares of Shift4 Payments by 2.1% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,071,725 shares of the company’s stock valued at $392,552,000 after buying an additional 105,320 shares during the last quarter. Jennison Associates LLC raised its stake in Shift4 Payments by 25.6% during the third quarter. Jennison Associates LLC now owns 2,056,056 shares of the company’s stock worth $159,139,000 after acquiring an additional 419,132 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Shift4 Payments by 16.6% in the second quarter. Alliancebernstein L.P. now owns 1,505,933 shares of the company’s stock worth $149,253,000 after acquiring an additional 214,627 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

FOUR opened at $64.74 on Friday. Shift4 Payments has a twelve month low of $61.23 and a twelve month high of $127.50. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 0.66 and a beta of 1.68. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. The company has a fifty day simple moving average of $69.78 and a 200 day simple moving average of $83.96.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The business’s quarterly revenue was up 61.4% on a year-over-year basis. Equities research analysts expect that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Shift4 Payments Company Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.