Shift4 Payments (NYSE:FOUR) Price Target Raised to $119.00 at The Goldman Sachs Group

Shift4 Payments (NYSE:FOUR) had its target price lifted by analysts at The Goldman Sachs Group from $106.00 to $119.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 20.15% from the company’s previous close.

FOUR has been the subject of a number of other reports. BTIG Research boosted their target price on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Susquehanna upped their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Barclays started coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, B. Riley lifted their price objective on shares of Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.75.

Shift4 Payments Trading Down 2.3 %

NYSE FOUR traded down $2.33 during trading hours on Thursday, hitting $99.04. 365,353 shares of the company’s stock were exchanged, compared to its average volume of 1,365,144. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The stock has a 50-day simple moving average of $89.89 and a 200 day simple moving average of $77.22. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 53.51, a PEG ratio of 1.16 and a beta of 1.64.

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, meeting the consensus estimate of $0.91. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. On average, equities analysts forecast 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 firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FOUR. Waldron Private Wealth LLC bought a new stake in Shift4 Payments during the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments in the third quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new position in shares of Shift4 Payments during the third quarter worth approximately $32,000. Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $56,000. Finally, Quarry LP purchased a new stake in shares of Shift4 Payments in the 2nd quarter valued at $60,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.