Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, B. Riley Analyst Says

Shift4 Payments (NYSE:FOUR) had its target price upped by B. Riley from $110.00 to $150.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Shift4 Payments’ Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $2.96 EPS and FY2025 earnings at $4.17 EPS.

A number of other brokerages have also issued reports on FOUR. Susquehanna boosted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Piper Sandler upped their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. 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 note on Friday, August 9th. Finally, BTIG Research increased their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.15.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $114.95 on Tuesday. The stock has a 50 day moving average price of $95.67 and a 200 day moving average price of $80.67. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $115.08. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The firm has a market capitalization of $10.36 billion, a P/E ratio of 62.47, a P/E/G ratio of 1.39 and a beta of 1.64.

Insider Buying and Selling at Shift4 Payments

In related 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 transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. The trade was a 5.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. 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

Large investors have recently modified their holdings of the business. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments in the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the third quarter worth $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments during the third quarter worth $32,000. Financial Management Professionals Inc. purchased a new stake in shares of Shift4 Payments during the third quarter valued at $56,000. Finally, Quarry LP acquired a new position 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.

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.