Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Target Price at $95.15

Shift4 Payments, Inc. (NYSE:FOUR) has been given an average recommendation of “Moderate Buy” by the twenty-two research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $92.40.

A number of equities research analysts have recently weighed in on FOUR shares. Royal Bank Of Canada lowered their target price on Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group lowered their price objective on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Keefe, Bruyette & Woods cut their target price on shares of Shift4 Payments from $84.00 to $72.00 and set a “market perform” rating on the stock in a report on Friday, January 2nd. Oppenheimer decreased their target price on shares of Shift4 Payments from $112.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Finally, Truist Financial lowered their price target on shares of Shift4 Payments from $80.00 to $74.00 and set a “hold” rating for the company in a report on Wednesday, November 19th.

Insider Activity

In other news, insider James J. Whalen sold 1,438 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.50, for a total transaction of $102,817.00. Following the completion of the sale, the insider directly owned 54,736 shares in the company, valued at approximately $3,913,624. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the sale, the director directly owned 130,420 shares in the company, valued at $9,064,190. The trade was a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,438 shares of company stock valued at $1,278,317. Insiders own 25.15% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds have recently made changes to their positions in FOUR. CIBC Bancorp USA Inc. purchased a new stake in Shift4 Payments in the third quarter worth $77,303,000. Wasatch Advisors LP raised its holdings in Shift4 Payments by 16.4% in the 2nd quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after purchasing an additional 890,990 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Shift4 Payments by 1,128.5% in the 3rd quarter. Marshall Wace LLP now owns 839,330 shares of the company’s stock worth $64,964,000 after purchasing an additional 771,007 shares during the period. Durable Capital Partners LP boosted its stake in shares of Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock valued at $660,612,000 after purchasing an additional 745,650 shares in the last quarter. Finally, ShawSpring Partners LLC increased its position in shares of Shift4 Payments by 60.7% during the third quarter. ShawSpring Partners LLC now owns 1,251,374 shares of the company’s stock valued at $96,856,000 after buying an additional 472,652 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Trading Down 2.2%

FOUR stock opened at $64.43 on Thursday. The company has a market capitalization of $5.71 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.66. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38. Shift4 Payments has a one year low of $61.23 and a one year high of $127.50. The company’s 50 day moving average price is $67.26 and its two-hundred day moving average price is $80.31.

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

About Shift4 Payments

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.