A number of hedge funds have changed their positions in Shift4 Payments (FOUR). J. Safra Asset Management raised its stake by 79% in Q1, owning 786 shares valued at $52,000 after buying 347 more shares. Quarry LP entered with a new position worth about $60,000 in Q2. CWM LLC increased its stake by 27.1%, now owning 1,131 shares worth $83,000 after buying 241 shares. EverSource Wealth Advisors drastically boosted their holdings by over 52,000%, now owning 1,564 shares valued at $108,000. Lastly, International Assets Investment Management acquired a new position worth around $114,000. Overall, institutional investors own 98.87% of the stock.
Wall Street Analysts Predict Growth
Many firms have released their analyses on Shift4 Payments. Benchmark reiterated a “buy” rating with a $99 target price on September 5. Barclays began coverage with an “overweight” rating and a $120 target on October 9. Goldman Sachs raised its target from $96 to $106 with a “buy” rating on October 14. DA Davidson boosted its price target from $96 to $104 with a “buy” rating on August 9. Morgan Stanley also upped its target from $66 to $70, rating the stock as “equal weight.” Three analysts have a hold rating, while seventeen rate it a buy. MarketBeat reports an average rating of “Moderate Buy” with a consensus price target of $94.37.
Read Our Latest Research Report on Shift4 Payments
Insider Activity
In recent news, insider Jordan Frankel sold 12,500 shares for $1,032,125 on September 16, lowering their ownership to 228,021 shares valued at approximately $18.83 million. CFO Nancy Disman also sold 20,000 shares for $1,626,000 on September 13, reducing her holdings to 182,959 shares worth roughly $14.87 million. Insiders own 30.57% of the company.
Shift4 Payments Stock Performance
Shift4 Payments opened at $95.71, with a 52-week low of $42.91 and high of $96.96. Key financial ratios include a quick ratio of 1.34, current ratio of 1.35, and debt-to-equity ratio of 1.83. The company’s market cap is $8.38 billion, with a P/E ratio of 64.23 and a PEG ratio of 1.01. The 50-day moving average is $84.59, and the 200-day is $73.36.
Shift4 Payments last reported earnings on August 8, achieving $0.96 EPS, exceeding analyst expectations of $0.87, and revenues of $320.60 million, above the $314.10 million estimate. Year-over-year revenue rose by 40.6%. Analysts predict 3.11 EPS for the current year.
About Shift4 Payments
Shift4 Payments, Inc (NYSE: FOUR) provides integrated payment processing and technology solutions in the U.S., offering comprehensive services including card acceptance, payment processing, risk management, and analytical tools.
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