2 weeks Ago By ABMN Staff
Shares of Shift4 Payments, Inc. ( NYSE:FOUR – Get Free Report ) have been given an average recommendation of “Moderate Buy” by the twenty-two brokerages that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company.
The average 12 month target price among analysts that have covered the stock in the last year is $109.24. Several analysts have recently weighed in on FOUR shares.
Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company.
Morgan Stanley reduced their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th.
DA Davidson dropped their price objective on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 24th.
Stephens reissued an “overweight” rating and issued a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Finally, Piper Sandler dropped their price target on Shift4 Payments from $143.
00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Get Our Latest Report on Shift4 Payments Shift4 Payments Price Performance Shift4 Payments ( NYSE:FOUR – Get Free Report ) last released its quarterly earnings data on Tuesday, February 18th.
The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.
06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.
89%. The business 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 fiscal year. Insider Activity In related news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th.
The shares were sold at an average price of $84.98, for a total value of $849,800.00.
Following the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.
33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 6th.
The shares were sold at an average price of $91.70, for a total transaction of $229,250.00.
Following the transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This trade represents a 0.
94 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 12,695 shares of company stock worth $1,097,380.
Company insiders own 30.57% of the company’s stock. Institutional Investors Weigh In On Shift4 Payments A number of large investors have recently bought and sold shares of FOUR.
Vanguard Group Inc. boosted its stake in shares of Shift4 Payments by 9.4% during the fourth quarter.
Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of Shift4 Payments by 17.
2% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock worth $260,489,000 after buying an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Shift4 Payments by 41.
3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after buying an additional 350,703 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Shift4 Payments by 10.
0% during the fourth quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company’s stock valued at $120,899,000 after buying an additional 106,217 shares during the period. Finally, Spyglass Capital Management LLC boosted its position in Shift4 Payments by 22.
7% during the fourth quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company’s stock worth $101,897,000 after acquiring an additional 181,539 shares during the last quarter. Institutional investors and hedge funds own 98.
87% of the company’s stock. Shift4 Payments Company Profile ( Get Free Report 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.
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