Fintel reports that on May 24, 2024, Wedbush initiated coverage of Shift4 Payments (NYSE:FOUR) with a Neutral recommendation.
Analyst Price Forecast Suggests 37.44% Upside
As of May 22, 2024, the average one-year price target for Shift4 Payments is 88.05. The forecasts range from a low of 49.39 to a high of $109.20. The average price target represents an increase of 37.44% from its latest reported closing price of 64.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Shift4 Payments is 3,770MM, an increase of 38.34%. The projected annual non-GAAP EPS is 2.91.
What is the Fund Sentiment?
There are 690 funds or institutions reporting positions in Shift4 Payments. This is an increase of 23 owner(s) or 3.45% in the last quarter. Average portfolio weight of all funds dedicated to FOUR is -1.57%, an increase of 550.17%. Total shares owned by institutions decreased in the last three months by 1.63% to 77,519K shares. 
The put/call ratio of FOUR is 1.37, indicating a bearish outlook.
What are Other Shareholders Doing?
Durable Capital Partners holds 4,769K shares representing 7.48% ownership of the company. No change in the last quarter.
Wasatch Advisors holds 3,451K shares representing 5.42% ownership of the company. In its prior filing, the firm reported owning 2,570K shares , representing an increase of 25.53%. The firm increased its portfolio allocation in FOUR by 13.30% over the last quarter.
Jennison Associates holds 2,363K shares representing 3.71% ownership of the company. In its prior filing, the firm reported owning 2,945K shares , representing a decrease of 24.62%. The firm decreased its portfolio allocation in FOUR by 65.88% over the last quarter.
Clearbridge Investments holds 2,080K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 2,083K shares , representing a decrease of 0.17%. The firm decreased its portfolio allocation in FOUR by 18.61% over the last quarter.
Wellington Management Group Llp holds 2,036K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 4,138K shares , representing a decrease of 103.25%. The firm decreased its portfolio allocation in FOUR by 94.09% 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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