Shift4 Payments (NYSE:FOUR) Price Target Raised to $154.00 at Royal Bank of Canada

Shift4 Payments (NYSE:FOUR) had its price target lifted by analysts at Royal Bank of Canada from $116.00 to $154.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 47.29% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Piper Sandler reaffirmed 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. Oppenheimer increased their price target on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley upped their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Stephens reiterated an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday. Finally, DA Davidson boosted 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. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.90.

Shift4 Payments Trading Down 16.8 %

Shares of FOUR stock traded down $21.10 on Wednesday, reaching $104.56. 2,535,412 shares of the company’s stock were exchanged, compared to its average volume of 1,302,758. The company’s fifty day simple moving average is $110.87 and its 200 day simple moving average is $97.38. The stock has a market capitalization of $9.42 billion, a PE ratio of 57.58, a P/E/G ratio of 1.28 and a beta of 1.72. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued 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 firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. As a group, analysts forecast that Shift4 Payments will post 2.95 EPS for the current year.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the 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 in the company, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock valued at $1,211,364 in the last ninety days. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in Shift4 Payments by 95.8% during the third quarter. CWM LLC now owns 2,214 shares of the company’s stock valued at $196,000 after buying an additional 1,083 shares during the period. Creative Planning purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth about $293,000. Allspring Global Investments Holdings LLC grew its position in shares of Shift4 Payments by 245.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock valued at $14,294,000 after acquiring an additional 114,659 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at about $25,000. Finally, International Assets Investment Management LLC raised its holdings in Shift4 Payments by 10,217.7% in the 3rd quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after purchasing an additional 158,987 shares during the period. 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.