Shift4 Payments (NYSE:FOUR) Price Target Lowered to $100.00 at UBS Group

Shift4 Payments (NYSE:FOUR) had its price target lowered by UBS Group from $115.00 to $100.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. Weiss Ratings downgraded shares of Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wells Fargo & Company upgraded shares of Shift4 Payments to a “hold” rating in a report on Wednesday, October 22nd. Truist Financial set a $80.00 price objective on shares of Shift4 Payments in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Thursday, July 17th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Oppenheimer cut their target price on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $102.25.

Shift4 Payments Stock Down 1.0%

Shares of NYSE:FOUR traded down $0.67 during trading on Friday, reaching $66.15. 4,247,915 shares of the company traded hands, compared to its average volume of 2,391,771. The firm has a fifty day simple moving average of $79.06 and a 200 day simple moving average of $88.29. The company has a quick ratio of 2.53, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments has a 1-year low of $61.23 and a 1-year high of $127.50. The firm has a market cap of $5.85 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.03). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.Shift4 Payments’s revenue was up 61.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. Analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 794 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.89, for a total transaction of $71,372.66. Following the transaction, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Jared Isaacman acquired 104,705 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $83.61 per share, with a total value of $8,754,385.05. Following the transaction, the chairman directly owned 939,715 shares of the company’s stock, valued at $78,569,571.15. The trade was a 12.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 25.15% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds have recently made changes to their positions in FOUR. Jennison Associates LLC increased its holdings in Shift4 Payments by 2.6% during the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock valued at $162,236,000 after purchasing an additional 41,548 shares in the last quarter. South Dakota Investment Council bought a new stake in shares of Shift4 Payments during the second quarter worth $1,814,000. Bessemer Group Inc. raised its holdings in shares of Shift4 Payments by 36.6% in the second quarter. Bessemer Group Inc. now owns 368,981 shares of the company’s stock valued at $36,570,000 after buying an additional 98,919 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Shift4 Payments by 5.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock worth $298,000 after buying an additional 194 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in Shift4 Payments by 48.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 343,751 shares of the company’s stock worth $28,088,000 after acquiring an additional 112,717 shares during the last quarter. 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.