UBS Group Issues Pessimistic Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective reduced by UBS Group from $138.00 to $125.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

FOUR has been the subject of several other reports. Barclays cut their price objective on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. BTIG Research cut their price target on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Stephens reissued an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. DA Davidson cut their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Morgan Stanley decreased their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Shift4 Payments Trading Up 0.5 %

Shares of NYSE FOUR opened at $82.13 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments has a one year low of $56.10 and a one year high of $127.50. The business has a 50-day moving average price of $84.08 and a two-hundred day moving average price of $98.27. The firm has a market capitalization of $7.32 billion, a PE ratio of 26.75, a PEG ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. The business had revenue of $368.50 million during the quarter, compared to analysts’ expectations of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. As a group, analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal 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 that occurred 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 transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 in the last ninety days. 30.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in Shift4 Payments in the fourth quarter valued at about $26,000. Rakuten Securities Inc. boosted its holdings in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $28,000. UMB Bank n.a. acquired a new position in shares of Shift4 Payments in the 4th quarter worth approximately $29,000. Finally, Valley National Advisers Inc. bought a new position in shares of Shift4 Payments during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds 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.