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

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective hoisted by Keefe, Bruyette & Woods from $95.00 to $110.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other equities analysts have also issued research reports about the company. B. Riley reissued a "buy" rating on shares of Shift4 Payments in a report on Monday, June 2nd. Wells Fargo & Company upped their price objective on Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Barclays cut their target price on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Truist Financial began coverage on shares of Shift4 Payments in a report on Monday, June 2nd. They set a "hold" rating and a $97.00 price target on the stock. Finally, DA Davidson reaffirmed a "buy" rating and issued a $124.00 price objective on shares of Shift4 Payments in a report on Thursday, June 5th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.10.

Shift4 Payments Stock Down 2.5%

Shares of FOUR traded down $2.63 during midday trading on Wednesday, hitting $101.01. 972,426 shares of the company's stock traded hands, compared to its average volume of 1,691,517. 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 stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.80. Shift4 Payments has a 1 year low of $57.45 and a 1 year high of $127.50. The firm's fifty day moving average is $93.51 and its 200-day moving average is $95.78.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share (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 business had revenue of $368.50 million during the quarter, compared to analysts' expectations of $886.09 million. During the same quarter last year, the company posted $0.54 earnings per share. The business's quarterly revenue was up 39.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the transaction, the director owned 7,474 shares in the company, valued at $706,517.22. The trade was a 11.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the business's 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 owned 6,592 shares in the company, valued at $623,141.76. The trade was a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,757 shares of company stock worth $1,258,449 over the last three months. Insiders own 25.15% of the company's stock.

Institutional Trading of Shift4 Payments

A number of hedge funds and other institutional investors have recently modified their holdings of FOUR. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments during the fourth quarter worth about $26,000. Rakuten Securities Inc. grew its holdings in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Elequin Capital LP increased its stake in Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after buying an additional 114 shares during the period. SRH Advisors LLC acquired a new stake in Shift4 Payments during the 1st quarter worth approximately $26,000. Finally, Morse Asset Management Inc acquired a new stake in Shift4 Payments during the 4th quarter worth approximately $36,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.