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

Shift4 Payments (NYSE:FOUR) had its price objective lifted by Truist Financial from $46.00 to $50.00 in a report published on Friday morning, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group upped their price target on Shift4 Payments from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Loop Capital started coverage on Shift4 Payments in a report on Wednesday, June 24th. They issued a “hold” rating and a $40.00 target price on the stock. BMO Capital Markets started coverage on Shift4 Payments in a report on Tuesday, April 21st. They set a “market perform” rating and a $50.00 price target for the company. Zacks Research upgraded shares of Shift4 Payments from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada cut their price target on shares of Shift4 Payments from $73.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of “Hold” and an average target price of $68.43.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $48.48 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.55. Shift4 Payments has a 52-week low of $34.56 and a 52-week high of $107.15. The firm has a market cap of $3.85 billion, a PE ratio of 57.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.41. The company’s 50 day moving average is $44.69 and its two-hundred day moving average is $49.21.

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

Insiders Place Their Bets

In related news, major shareholder Jared Isaacman acquired 195,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $41.41 per share, for a total transaction of $8,095,655.00. Following the transaction, the insider directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Wasatch Advisors LP boosted its position in Shift4 Payments by 16.4% in the 2nd quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock valued at $628,215,000 after buying an additional 890,990 shares during the last quarter. Bank of Montreal Can increased its stake in Shift4 Payments by 3,048.9% during the fourth quarter. Bank of Montreal Can now owns 872,453 shares of the company’s stock valued at $54,938,000 after purchasing an additional 844,746 shares during the last quarter. Norges Bank bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $51,635,000. Marshall Wace LLP increased its position in Shift4 Payments by 97.2% in the fourth quarter. Marshall Wace LLP now owns 1,655,485 shares of the company’s stock worth $104,246,000 after buying an additional 816,155 shares during the period. Finally, Durable Capital Partners LP increased its holdings in shares of Shift4 Payments by 12.6% in the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock worth $660,612,000 after acquiring an additional 745,650 shares during the period. 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.