Shift4 Payments (NYSE:FOUR) Price Target Cut to $115.00 by Analysts at Susquehanna

Shift4 Payments (NYSE:FOUR) had its price objective decreased by stock analysts at Susquehanna from $125.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 83.50% from the company’s previous close.

A number of other research firms also recently issued reports on FOUR. Oppenheimer cut their target price on shares of Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. UBS Group reiterated a “buy” rating on shares of Shift4 Payments in a report on Wednesday, October 22nd. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Mizuho lowered their price target on Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $105.85.

Shift4 Payments Price Performance

FOUR traded down $4.15 during midday trading on Friday, reaching $62.67. 1,144,427 shares of the company’s stock were exchanged, compared to its average volume of 1,880,118. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71. Shift4 Payments has a one year low of $62.25 and a one year high of $127.50. The business has a 50-day simple moving average of $79.55 and a two-hundred day simple moving average of $88.35.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was up 61.4% on a year-over-year basis. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, research analysts predict that Shift4 Payments will post 3.7 EPS for the current year.

Insider Activity at Shift4 Payments

In other news, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Jared Isaacman bought 104,705 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. The trade was a 12.54% increase in their position. The SEC filing for this purchase provides additional information. 25.15% of the stock is currently owned by company insiders.

Institutional Trading of Shift4 Payments

Institutional investors have recently added to or reduced their stakes in the company. SRH Advisors LLC acquired a new position in shares of Shift4 Payments in the first quarter valued at about $26,000. Banque Transatlantique SA acquired a new position in Shift4 Payments in the 1st quarter valued at $27,000. Allworth Financial LP grew its holdings in shares of Shift4 Payments by 410.9% during the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares in the last quarter. Harbour Investments Inc. bought a new stake in Shift4 Payments during the first quarter worth about $32,000. Finally, Advisors Asset Management Inc. raised its position in shares of Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. 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.