Brokerages Set Shift4 Payments, Inc. (NYSE:FOUR) PT at $114.19

Shift4 Payments, Inc. (NYSE:FOUR) has been given an average recommendation of “Moderate Buy” by the twenty research firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $115.05.

Several equities research analysts have weighed in on FOUR shares. DA Davidson lowered their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group raised their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays decreased their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, February 24th. B. Riley raised their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price target on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

Shift4 Payments Price Performance

Shares of FOUR opened at $98.97 on Monday. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The company has a 50 day moving average of $110.23 and a two-hundred day moving average of $98.67.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company 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 29.00%. As a group, analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were 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 owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors have recently modified their holdings of FOUR. Wasatch Advisors LP grew its position 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 valued at $521,250,000 after purchasing an additional 1,980,940 shares during the period. Vanguard Group Inc. grew its position in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the period. Cat Rock Capital Management LP acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at about $39,222,000. Darlington Partners Capital Management LP grew its position in shares of Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after purchasing an additional 367,500 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after acquiring an additional 350,703 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.