Shift4 Payments’ (FOUR) “Overweight” Rating Reaffirmed at Piper Sandler

Piper Sandler restated their overweight rating on shares of Shift4 Payments (NYSE:FOUR) in a report released on Wednesday morning,Benzinga reports. They currently have a $143.00 target price on the stock, up from their prior target price of $120.00.

Several other brokerages have also commented on FOUR. B. Riley raised their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 price target on the stock. Morgan Stanley upped their price objective on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.90.

Shift4 Payments Stock Performance

NYSE FOUR opened at $103.64 on Wednesday. The company has a 50-day simple moving average of $110.91 and a two-hundred day simple moving average of $97.42. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The firm has a market cap of $9.34 billion, a price-to-earnings ratio of 56.33, a PEG ratio of 1.28 and a beta of 1.72. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. On average, equities analysts forecast that Shift4 Payments will post 2.95 EPS for the current year.

Insider Activity at Shift4 Payments

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

Hedge Funds Weigh In On Shift4 Payments

A number of large investors have recently bought and sold shares of FOUR. Brown Brothers Harriman & Co. raised its position in shares of Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares during the last quarter. Jennison Associates LLC raised its holdings in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Moody National Bank Trust Division lifted its position in shares of Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after buying an additional 7,349 shares during the last quarter. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Shift4 Payments in the 3rd quarter valued at about $552,000. 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.