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

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by investment analysts at Royal Bank of Canada from $116.00 to $154.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 55.89% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. B. Riley raised their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. DA Davidson raised their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods lowered Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.19.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $98.79 on Wednesday. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.32 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The stock has a 50 day moving average price of $110.87 and a 200-day moving average price of $97.43. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. The firm had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Equities analysts expect that Shift4 Payments will post 3.7 EPS for the current year.

Insider Buying and Selling

In other news, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 in the last 90 days. 30.57% of the stock is owned by corporate insiders.

Institutional Trading of Shift4 Payments

Several large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. raised its holdings in shares of Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Shift4 Payments by 26.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after acquiring an additional 7,905 shares during the last quarter. Jennison Associates LLC raised its stake in Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares during the last quarter. Moody National Bank Trust Division lifted its position in Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after acquiring an additional 7,349 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Shift4 Payments during the 4th quarter valued at about $812,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.