Royal Bank of Canada Increases Shift4 Payments (NYSE:FOUR) Price Target to $154.00

Shift4 Payments (NYSE:FOUR) had its price target hoisted by investment analysts at Royal Bank of Canada from $116.00 to $154.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 47.29% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company raised their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. B. Riley upped their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Susquehanna upped their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Oppenheimer increased their target price on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, DA Davidson lifted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and a consensus target price of $112.90.

Shift4 Payments Price Performance

Shares of FOUR traded down $21.10 during mid-day trading on Wednesday, reaching $104.56. 2,535,412 shares of the stock traded hands, compared to its average volume of 1,302,758. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 57.58, a price-to-earnings-growth ratio of 1.28 and a beta of 1.72. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The firm has a fifty day moving average price of $110.87 and a 200 day moving average price of $97.38. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. The company had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. As a group, equities research analysts predict that Shift4 Payments will post 2.95 earnings per share for the current year.

Insider Activity

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock valued at $1,211,364 in the last 90 days. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after buying an additional 562,774 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC boosted its stake in Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after buying an additional 367,500 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after buying an additional 12,804 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

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.