Shift4 Payments (NYSE:FOUR) Given New $120.00 Price Target at Susquehanna

Shift4 Payments (NYSE:FOUR) had its price target hoisted by Susquehanna from $105.00 to $120.00 in a report published on Wednesday,Benzinga reports. They currently have a positive rating on the stock.

Other research analysts have also issued research reports about the company. Morgan Stanley lifted their price target on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Barclays assumed coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. BTIG Research upped their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Oppenheimer assumed coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price for the company. Finally, Stephens boosted their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.10.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $101.37 on Wednesday. The stock has a market cap of $8.98 billion, a P/E ratio of 55.09, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company has a fifty day simple moving average of $89.89 and a 200-day simple moving average of $77.22. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $106.31.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. The company had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $369.07 million. Equities analysts expect that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently modified their holdings of FOUR. Centaurus Financial Inc. increased its stake in Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares during the last quarter. First Dallas Securities Inc. increased its stake in shares of Shift4 Payments by 1.8% during the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after acquiring an additional 200 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after acquiring an additional 202 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Shift4 Payments by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after acquiring an additional 210 shares during the last quarter. Finally, CWM LLC grew its holdings in Shift4 Payments by 27.1% in the second quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after purchasing an additional 241 shares during the period. 98.87% of the stock is currently owned by hedge funds and other 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.