Shift4 Payments (NYSE:FOUR) Price Target Raised to $50.00

Shift4 Payments (NYSE:FOUR) had its target price boosted by Truist Financial from $46.00 to $50.00 in a research report released on Friday, MarketBeat.com reports. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. BTIG Research reiterated a “buy” rating and set a $70.00 price target on shares of Shift4 Payments in a research report on Thursday, May 7th. DA Davidson reduced their price objective on shares of Shift4 Payments from $82.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Wolfe Research lowered shares of Shift4 Payments from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 15th. Seaport Research Partners cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating in a research report on Thursday, April 16th. Finally, Stephens downgraded Shift4 Payments from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Friday, April 17th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.43.

Shift4 Payments Stock Up 0.3%

Shares of FOUR opened at $48.48 on Friday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 0.52 and a beta of 1.41. Shift4 Payments has a 52 week low of $34.56 and a 52 week high of $107.15. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average price is $44.69 and its two-hundred day moving average price is $49.11.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Shift4 Payments had a net margin of 2.63% and a return on equity of 33.55%. The company’s revenue was up 49.0% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. On average, analysts predict that Shift4 Payments will post 4.77 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, major shareholder Jared Isaacman bought 195,500 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $41.41 per share, with a total value of $8,095,655.00. Following the completion of the purchase, the insider owned 1,594,455 shares of the company’s stock, valued at approximately $66,026,381.55. This trade represents a 13.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently made changes to their positions in FOUR. Wasatch Advisors LP increased its holdings in shares of Shift4 Payments by 16.4% during the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after purchasing an additional 890,990 shares during the period. Bank of Montreal Can raised its position in shares of Shift4 Payments by 3,048.9% in the 4th quarter. Bank of Montreal Can now owns 872,453 shares of the company’s stock worth $54,938,000 after acquiring an additional 844,746 shares in the last quarter. Norges Bank bought a new position in shares of Shift4 Payments in the 4th quarter worth about $51,635,000. Marshall Wace LLP lifted its stake in shares of Shift4 Payments by 97.2% in the 4th quarter. Marshall Wace LLP now owns 1,655,485 shares of the company’s stock valued at $104,246,000 after purchasing an additional 816,155 shares during the period. Finally, Durable Capital Partners LP grew its stake in Shift4 Payments by 12.6% during the second quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock worth $660,612,000 after purchasing an additional 745,650 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.