Shift4 Payments (NYSE:FOUR) Price Target Lowered to $110.00 at Barclays

Shift4 Payments (NYSE:FOUR) had its price target cut by equities researchers at Barclays from $117.00 to $110.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 36.56% from the company’s previous close.

A number of other research analysts also recently issued reports on FOUR. Piper Sandler reissued an “overweight” rating and issued a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price objective for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Oppenheimer lowered their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, DA Davidson cut their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.45.

Shift4 Payments Stock Down 3.7 %

NYSE:FOUR opened at $80.55 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company’s fifty day moving average price is $101.44 and its 200-day moving average price is $100.12. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50. The firm has a market capitalization of $7.18 billion, a P/E ratio of 26.24, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, equities research analysts anticipate that Shift4 Payments will post 3.7 EPS for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company’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 in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares during the last quarter. Darlington Partners Capital Management LP lifted its stake in shares of Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after purchasing an additional 367,500 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after purchasing an additional 350,703 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Shift4 Payments by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company’s stock worth $120,899,000 after purchasing an additional 106,217 shares during the period. Finally, Spyglass Capital Management LLC increased its position in shares of Shift4 Payments by 22.7% during the 4th quarter. Spyglass Capital Management LLC now owns 981,859 shares of the company’s stock worth $101,897,000 after purchasing an additional 181,539 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.