Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Shift4 Payments (NYSE:FOUR) had its price target boosted by research analysts at Wells Fargo & Company from $100.00 to $110.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 11.27% from the stock’s current price.

Several other brokerages have also weighed in on FOUR. Barclays started coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective for the company. Morgan Stanley lifted their price objective 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. BTIG Research increased their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Susquehanna boosted their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. Three 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Trading Down 2.5 %

Shares of FOUR opened at $98.86 on Wednesday. Shift4 Payments has a one year low of $55.87 and a one year high of $106.31. The stock has a 50-day moving average price of $89.89 and a 200 day moving average price of $77.22. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $8.76 billion, a P/E ratio of 53.73, a P/E/G ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $369.07 million. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. Sell-side analysts forecast that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently made changes to their positions in the company. Senator Investment Group LP raised its position in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares in the last quarter. Forge First Asset Management Inc. bought a new position in shares of Shift4 Payments during the 1st quarter valued at $1,242,000. Artemis Investment Management LLP raised its holdings in Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after buying an additional 242,684 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Shift4 Payments by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after purchasing an additional 14,438 shares during the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new stake in shares of Shift4 Payments in the second quarter worth $1,378,000. Institutional investors 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.