Shift4 Payments (NYSE:FOUR) Price Target Raised to $43.00

Shift4 Payments (NYSE:FOUR) had its price target lifted by Truist Financial from $42.00 to $43.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a hold rating on the stock.

Several other research firms also recently weighed in on FOUR. Susquehanna dropped their target price on shares of Shift4 Payments from $63.00 to $56.00 and set a “positive” rating for the company in a research report on Friday, November 6th. Raymond James Financial cut their target price on shares of Shift4 Payments from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 13th. Royal Bank Of Canada reduced their price target on shares of Shift4 Payments from $67.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, November 6th. BTIG Research decreased their price target on Shift4 Payments from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group set a $48.00 price objective on Shift4 Payments in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.36.

Shift4 Payments Stock Up 7.9%

Shares of FOUR stock traded up $3.27 during mid-day trading on Thursday, reaching $44.79. 2,900,382 shares of the company were exchanged, compared to its average volume of 2,516,603. Shift4 Payments has a fifty-two week low of $34.56 and a fifty-two week high of $75.35. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $3.36 billion, a P/E ratio of 55.98, a P/E/G ratio of 0.71 and a beta of 1.50. The business’s 50 day simple moving average is $40.37 and its 200 day simple moving average is $45.46.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.13. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $652.39 million. Shift4 Payments had a net margin of 2.34% and a return on equity of 25.42%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.050-5.150 EPS. Research analysts predict that Shift4 Payments will post 4.11 earnings per share for the current year.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Rice Hall James & Associates LLC boosted its stake in shares of Shift4 Payments by 27.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 847,726 shares of the company’s stock valued at $37,071,000 after buying an additional 183,938 shares during the period. Private Management Group Inc. increased its stake in shares of Shift4 Payments by 24.3% in the third quarter. Private Management Group Inc. now owns 913,959 shares of the company’s stock worth $33,058,000 after acquiring an additional 178,734 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Shift4 Payments by 334.6% in the third quarter. First Trust Advisors LP now owns 140,801 shares of the company’s stock worth $5,093,000 after acquiring an additional 108,406 shares during the last quarter. Spyglass Capital Management LLC raised its holdings in shares of Shift4 Payments by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 1,833,803 shares of the company’s stock worth $89,196,000 after acquiring an additional 82,663 shares in the last quarter. Finally, Readystate Asset Management LP raised its holdings in shares of Shift4 Payments by 530.2% during the second quarter. Readystate Asset Management LP now owns 86,082 shares of the company’s stock worth $4,187,000 after acquiring an additional 72,422 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments, Inc. provides payment processing and commerce technology for businesses. Its platform supports transactions made in person, online and through mobile channels, combining payment acceptance and processing with tools for managing sales and operations. The company serves merchants in industries including restaurants, hotels, retail, entertainment and sports venues. Its offerings include point-of-sale systems, payment gateways and related software, such as its SkyTab restaurant technology platform.