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

Shift4 Payments (NYSE:FOUR) had its price target cut by BTIG Research from $135.00 to $110.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on FOUR. Wells Fargo & Company lowered their target price on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. Evercore ISI started coverage on Shift4 Payments in a research report on Wednesday. They set an “in-line” rating and a $80.00 price target on the stock. Barclays reduced their target price on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, Stephens reissued an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.19.

Shift4 Payments Stock Performance

FOUR stock opened at $78.83 on Thursday. The firm has a market cap of $7.02 billion, a PE ratio of 25.68, a P/E/G ratio of 1.04 and a beta of 1.80. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The business’s 50-day moving average price is $94.94 and its two-hundred day moving average price is $99.57. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced 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. As a group, research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds have recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments during the fourth quarter valued at about $26,000. Rakuten Securities Inc. grew its holdings in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments in the 4th quarter worth approximately $28,000. UMB Bank n.a. bought a new position in Shift4 Payments in the fourth quarter worth $29,000. Finally, Elequin Capital LP lifted its position in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 114 shares during the period. 98.87% of the stock is currently owned by 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.