Fintel reports that on August 25, 2023, Morgan Stanley upgraded their outlook for Shift4 Payments Inc – (NYSE:FOUR) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 49.39% Upside
As of August 2, 2023, the average one-year price target for Shift4 Payments Inc – is 83.30. The forecasts range from a low of 50.50 to a high of $101.85. The average price target represents an increase of 49.39% from its latest reported closing price of 55.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Shift4 Payments Inc – is 2,822MM, an increase of 24.37%. The projected annual non-GAAP EPS is 2.06.
What is the Fund Sentiment?
There are 611 funds or institutions reporting positions in Shift4 Payments Inc -. This is an increase of 23 owner(s) or 3.91% in the last quarter. Average portfolio weight of all funds dedicated to FOUR is 0.34%, a decrease of 14.37%. Total shares owned by institutions increased in the last three months by 0.58% to 78,275K shares. The put/call ratio of FOUR is 1.62, indicating a bearish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 5,112K shares representing 8.78% ownership of the company. In it’s prior filing, the firm reported owning 5,674K shares, representing a decrease of 10.99%. The firm decreased its portfolio allocation in FOUR by 89.13% over the last quarter.
Durable Capital Partners holds 3,693K shares representing 6.34% ownership of the company. In it’s prior filing, the firm reported owning 4,291K shares, representing a decrease of 16.20%. The firm decreased its portfolio allocation in FOUR by 27.95% over the last quarter.
Jennison Associates holds 2,404K shares representing 4.13% ownership of the company. In it’s prior filing, the firm reported owning 1,898K shares, representing an increase of 21.07%. The firm decreased its portfolio allocation in FOUR by 45.96% over the last quarter.
Alliancebernstein holds 2,376K shares representing 4.08% ownership of the company. In it’s prior filing, the firm reported owning 2,383K shares, representing a decrease of 0.28%. The firm decreased its portfolio allocation in FOUR by 14.85% over the last quarter.
HFMCX – THE HARTFORD MIDCAP FUND holds 2,059K shares representing 3.54% ownership of the company. In it’s prior filing, the firm reported owning 2,346K shares, representing a decrease of 13.94%. The firm increased its portfolio allocation in FOUR by 4.62% over the last quarter.
Shift4 Payments Background Information
(This description is provided by the company.)
Shift4 Payments is a leading provider of integrated payment processing and technology solutions, delivering a complete omnichannel ecosystem that extends beyond payments to include a wide range of commerce-enabling services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, ecommerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than $200 billion in payments volume for over 200,000 businesses in 2019.
This article originally appeared on Fintel
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.