Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective boosted by Keefe, Bruyette & Woods from $95.00 to $110.00 in a research note released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other analysts also recently commented on the stock. DA Davidson restated a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th. Barclays decreased their price objective 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. Royal Bank Of Canada decreased their price objective on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Truist Financial assumed coverage on shares of Shift4 Payments in a report on Monday, June 2nd. They issued a "hold" rating and a $97.00 price target on the stock. Finally, B. Riley reiterated a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.10.

Shift4 Payments Stock Performance

FOUR traded up $2.06 during trading on Wednesday, hitting $104.62. The company's stock had a trading volume of 2,234,515 shares, compared to its average volume of 1,695,838. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. Shift4 Payments has a one year low of $57.45 and a one year high of $127.50. The firm has a market cap of $9.27 billion, a PE ratio of 35.34, a P/E/G ratio of 0.74 and a beta of 1.80. The business's 50 day simple moving average is $92.70 and its 200-day simple moving average is $95.82.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.76 by $0.31. The firm had revenue of $368.50 million for 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 company's revenue was up 39.7% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. As a group, sell-side analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the transaction, the director directly owned 6,592 shares of the company's stock, valued at approximately $623,141.76. The trade was a 29.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $90.33, for a total transaction of $903,300.00. Following the completion of the sale, the chief financial officer directly owned 167,622 shares of the company's stock, valued at approximately $15,141,295.26. This trade represents a 5.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,757 shares of company stock valued at $1,258,449. Company insiders own 25.15% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently added to or reduced their stakes in FOUR. Proficio Capital Partners LLC purchased a new stake in Shift4 Payments in the 4th quarter valued at about $37,000. Jones Financial Companies Lllp boosted its position in Shift4 Payments by 77.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,291 shares of the company's stock valued at $134,000 after buying an additional 565 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Shift4 Payments by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company's stock valued at $47,700,000 after buying an additional 31,927 shares during the period. Atria Investments Inc boosted its position in Shift4 Payments by 18.4% in the 4th quarter. Atria Investments Inc now owns 5,140 shares of the company's stock valued at $533,000 after buying an additional 800 shares during the period. Finally, M&T Bank Corp boosted its position in Shift4 Payments by 77.9% in the 4th quarter. M&T Bank Corp now owns 7,015 shares of the company's stock valued at $728,000 after buying an additional 3,071 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.