Truist Financial Forecasts Strong Price Appreciation for Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments (NYSE:FOUR - Free Report) had its target price lifted by Truist Financial from $97.00 to $109.00 in a report released on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other analysts also recently commented on FOUR. Barclays dropped their price target on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their price target on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Thursday. They set a "buy" rating and a $120.00 price target on the stock. DA Davidson restated a "buy" rating and set a $124.00 price target on shares of Shift4 Payments in a research report on Thursday, June 5th. Finally, Benchmark upgraded shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.70.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $0.47 during mid-day trading on Thursday, hitting $106.58. The stock had a trading volume of 789,849 shares, compared to its average volume of 1,687,480. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 36.01 and a beta of 1.80. The company has a 50 day simple moving average of $95.55 and a 200-day simple moving average of $95.61. Shift4 Payments has a 52 week low of $57.45 and a 52 week high of $127.50. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.31. Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The company had revenue of $368.50 million for the quarter, compared to the consensus estimate of $886.09 million. During the same period in the previous year, the firm earned $0.54 EPS. Shift4 Payments's revenue was up 39.7% on a year-over-year basis. On average, research analysts expect that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the sale, the director owned 7,474 shares of the company's stock, valued at $706,517.22. This represents a 11.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the sale, the director directly owned 6,592 shares in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,757 shares of company stock valued at $1,258,449. 25.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in Shift4 Payments during the 4th quarter worth approximately $37,000. HighTower Advisors LLC raised its holdings in Shift4 Payments by 25.9% during the 4th quarter. HighTower Advisors LLC now owns 6,303 shares of the company's stock worth $654,000 after buying an additional 1,295 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Shift4 Payments during the 4th quarter worth approximately $255,000. Swiss National Bank raised its holdings in Shift4 Payments by 5.9% during the 4th quarter. Swiss National Bank now owns 115,400 shares of the company's stock worth $11,976,000 after buying an additional 6,400 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Shift4 Payments by 114.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 15,755 shares of the company's stock valued at $1,635,000 after purchasing an additional 8,403 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.