BTIG Research Reaffirms Buy Rating for Shift4 Payments (NYSE:FOUR)

Shift4 Payments (NYSE:FOUR)‘s stock had its “buy” rating reaffirmed by analysts at BTIG Research in a research note issued to investors on Thursday,Benzinga reports. They currently have a $105.00 price target on the stock. BTIG Research’s price target would suggest a potential upside of 79.49% from the stock’s previous close.

Other analysts have also issued reports about the stock. Loop Capital set a $80.00 price objective on shares of Shift4 Payments in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft cut shares of Shift4 Payments from a “buy” rating to a “hold” rating and dropped their price target for the company from $100.00 to $65.00 in a research report on Thursday, January 15th. Susquehanna reduced their price target on shares of Shift4 Payments from $115.00 to $101.00 and set a “positive” rating on the stock in a research note on Thursday, January 8th. Benchmark restated a “buy” rating on shares of Shift4 Payments in a report on Thursday, December 11th. Finally, UBS Group dropped their target price on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.26.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $58.50 on Thursday. The firm has a 50 day simple moving average of $62.29 and a 200-day simple moving average of $72.79. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 0.50 and a beta of 1.63. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.38 and a quick ratio of 1.38. Shift4 Payments has a 1-year low of $52.65 and a 1-year high of $108.50.

Insider Transactions at Shift4 Payments

In other news, CEO David Taylor Lauber sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.00, for a total transaction of $828,000.00. Following the completion of the transaction, the chief executive officer directly owned 273,588 shares of the company’s stock, valued at approximately $18,877,572. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total transaction of $347,500.00. Following the completion of the sale, the director directly owned 130,420 shares in the company, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 25.15% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors LP raised its position in shares of Shift4 Payments by 10.1% during the 4th quarter. Wasatch Advisors LP now owns 6,778,925 shares of the company’s stock worth $426,869,000 after acquiring an additional 621,797 shares in the last quarter. Durable Capital Partners LP increased its stake in Shift4 Payments by 12.6% in the second quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock valued at $660,612,000 after purchasing an additional 745,650 shares during the last quarter. Darlington Partners Capital Management LP raised its holdings in Shift4 Payments by 2.1% during the third quarter. Darlington Partners Capital Management LP now owns 5,071,725 shares of the company’s stock worth $392,552,000 after purchasing an additional 105,320 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Shift4 Payments by 7.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,643,829 shares of the company’s stock worth $166,482,000 after purchasing an additional 188,594 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Shift4 Payments by 25.6% during the 3rd quarter. Jennison Associates LLC now owns 2,056,056 shares of the company’s stock worth $159,139,000 after buying an additional 419,132 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

About Shift4 Payments

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.