Keefe, Bruyette & Woods Cuts Shift4 Payments (NYSE:FOUR) Price Target to $95.00

Shift4 Payments (NYSE:FOUR) had its price objective cut by Keefe, Bruyette & Woods from $125.00 to $95.00 in a report released on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

Several other equities research analysts have also issued reports on FOUR. Royal Bank of Canada restated an “outperform” rating and issued a $154.00 target price on shares of Shift4 Payments in a report on Tuesday, March 4th. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target on the stock. Piper Sandler restated an “overweight” rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Barclays cut their price objective on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.80.

Shift4 Payments Trading Up 2.6 %

FOUR stock opened at $85.86 on Monday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50. The business has a 50 day simple moving average of $101.44 and a two-hundred day simple moving average of $100.12. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last issued 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 29.00%. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Research analysts anticipate that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Shift4 Payments by 3.5% during the fourth quarter. California State Teachers Retirement System now owns 55,097 shares of the company’s stock worth $5,718,000 after acquiring an additional 1,868 shares during the last quarter. Alpha Wealth Funds LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth $311,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Shift4 Payments during the 4th quarter worth about $16,195,000. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the 4th quarter valued at about $26,000. Finally, Armis Advisers LLC acquired a new position in Shift4 Payments in the fourth quarter valued at about $316,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

About Shift4 Payments

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.