Shift4 Payments (NYSE:FOUR) Price Target Raised to $110.00 at Keefe, Bruyette & Woods

Shift4 Payments (NYSE:FOUR - Free Report) had its price target increased by Keefe, Bruyette & Woods from $95.00 to $110.00 in a research report sent to investors on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other brokerages also recently weighed in on FOUR. Barclays cut their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Raymond James Financial dropped their target price on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 4th. BTIG Research lowered their price objective on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Evercore ISI assumed coverage on Shift4 Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $116.10.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR traded down $2.63 on Wednesday, hitting $101.01. 972,426 shares of the company were exchanged, compared to its average volume of 1,691,517. Shift4 Payments has a 1-year low of $57.45 and a 1-year high of $127.50. The stock's 50 day moving average price is $93.51 and its 200 day moving average price is $95.78. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $8.95 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.80.

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

Insider Activity at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the sale, the chief financial officer owned 167,622 shares in the company, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the sale, the director owned 7,474 shares of the company's stock, valued at $706,517.22. This trade represents a 11.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,757 shares of company stock worth $1,258,449. Insiders own 25.15% of the company's stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after acquiring an additional 562,774 shares during the last quarter. Durable Capital Partners LP raised its holdings in shares of Shift4 Payments by 15.4% in the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company's stock valued at $483,706,000 after buying an additional 788,952 shares during the last quarter. Darlington Partners Capital Management LP raised its holdings in shares of Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after buying an additional 367,500 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Shift4 Payments by 13.0% in the first quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company's stock valued at $102,420,000 after buying an additional 144,111 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after buying an additional 350,703 shares during the last quarter. 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.