Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments (NYSE:FOUR) had its price target lifted by stock analysts at Keefe, Bruyette & Woods from $112.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 20.61% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company increased their target price on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Piper Sandler reiterated an “overweight” rating and set a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday. DA Davidson raised their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Stephens reaffirmed an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday. Finally, Oppenheimer increased their price objective on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.52.

Shift4 Payments Price Performance

NYSE:FOUR opened at $103.64 on Thursday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The firm has a market cap of $9.34 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.32 and a beta of 1.72. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50. The company’s 50-day moving average price is $110.91 and its two-hundred day moving average price is $97.42.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. On average, equities analysts anticipate that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several hedge funds and other institutional investors have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth about $26,000. Rakuten Securities Inc. lifted its stake in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments during the 4th quarter worth approximately $28,000. UMB Bank n.a. bought a new position in shares of Shift4 Payments during the 4th quarter worth approximately $29,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the third quarter valued at approximately $25,000. Institutional investors and hedge funds 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.