Wells Fargo & Company Lowers Shift4 Payments (NYSE:FOUR) Price Target to $77.00

Shift4 Payments (NYSE:FOUR) had its price objective dropped by analysts at Wells Fargo & Company from $82.00 to $77.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 16.40% from the stock’s previous close.

A number of other analysts also recently weighed in on FOUR. Piper Sandler decreased their price target on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Mizuho cut their target price on Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. DA Davidson lowered their target price on Shift4 Payments from $124.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Finally, Truist Financial set a $80.00 price objective on shares of Shift4 Payments in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

Shift4 Payments Stock Down 1.0%

Shares of NYSE FOUR opened at $66.15 on Friday. The company’s 50 day moving average price is $79.06 and its 200-day moving average price is $88.37. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.53 and a current ratio of 1.38. Shift4 Payments has a 52-week low of $61.23 and a 52-week high of $127.50. The company has a market capitalization of $5.85 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71.

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

Insider Activity

In other news, CEO David Taylor Lauber sold 2,500 shares of the business’s 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 sale, the chief executive officer owned 285,588 shares in the company, valued at $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Jared Isaacman bought 104,705 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman owned 939,715 shares in the company, valued at $78,569,571.15. This represents a 12.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 25.15% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FOUR. SRH Advisors LLC bought a new stake in shares of Shift4 Payments during the first quarter worth about $26,000. Banque Transatlantique SA bought a new position in Shift4 Payments in the 1st quarter valued at about $27,000. Allworth Financial LP boosted its stake in Shift4 Payments by 410.9% during the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. Harbour Investments Inc. bought a new stake in Shift4 Payments during the 1st quarter worth approximately $32,000. Finally, Advisors Asset Management Inc. increased its holdings in Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Company Profile

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.