Fintel reports that on September 28, 2023, RBC Capital reiterated coverage of Shift4 Payments Inc - (NYSE:FOUR) with a Outperform recommendation.
Analyst Price Forecast Suggests 54.85% Upside
As of August 31, 2023, the average one-year price target for Shift4 Payments Inc - is 84.98. The forecasts range from a low of 57.57 to a high of $105.00. The average price target represents an increase of 54.85% from its latest reported closing price of 54.88.
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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 619 funds or institutions reporting positions in Shift4 Payments Inc -. This is a decrease of 1 owner(s) or 0.16% in the last quarter. Average portfolio weight of all funds dedicated to FOUR is 0.33%, a decrease of 16.14%. Total shares owned by institutions increased in the last three months by 2.74% to 77,002K shares. 
The put/call ratio of FOUR is 1.12, 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 22.97% 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 increased its portfolio allocation in FOUR by 0.99% 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 1,996K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 2,059K shares, representing a decrease of 3.19%. The firm decreased its portfolio allocation in FOUR by 3.64% 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.
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