Shift4 Payments (NYSE:FOUR) Shares Gap Down – What’s Next?

Shift4 Payments, Inc. (NYSE:FOUR) shares gapped down before the market opened on Wednesday . The stock had previously closed at $125.66, but opened at $115.00. Shift4 Payments shares last traded at $106.35, with a volume of 835,574 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on FOUR. B. Riley lifted their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stephens restated an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday. Morgan Stanley lifted their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Piper Sandler restated an “overweight” rating and set a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.19.

Shift4 Payments Stock Performance

The business’s fifty day moving average price is $110.87 and its two-hundred day moving average price is $97.43. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The stock has a market capitalization of $8.55 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.09 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently added to or reduced their stakes in FOUR. CWM LLC grew its stake in Shift4 Payments by 95.8% in the 3rd quarter. CWM LLC now owns 2,214 shares of the company’s stock worth $196,000 after acquiring an additional 1,083 shares in the last quarter. Creative Planning bought a new position in Shift4 Payments in the 3rd quarter worth about $293,000. Allspring Global Investments Holdings LLC grew its stake in Shift4 Payments by 245.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock worth $14,294,000 after acquiring an additional 114,659 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the 3rd quarter worth about $25,000. Finally, International Assets Investment Management LLC grew its stake in Shift4 Payments by 10,217.7% in the 3rd quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after acquiring an additional 158,987 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.