DA Davidson Cuts Shift4 Payments (NYSE:FOUR) Price Target to $124.00

Shift4 Payments (NYSE:FOUR) had its price target decreased by DA Davidson from $140.00 to $124.00 in a report released on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other brokerages have also recently commented on FOUR. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Barclays dropped their target price on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a report on Monday. Susquehanna raised their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, B. Riley raised their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $113.95.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $96.36 on Monday. The stock has a market capitalization of $8.68 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.04 and a beta of 1.72. The company’s fifty day moving average price is $110.40 and its 200 day moving average price is $98.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1 billion. As a group, equities research analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 in the last three months. 30.57% of the stock is owned by company insiders.

Institutional Trading of Shift4 Payments

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in Shift4 Payments during the fourth quarter worth about $26,000. Armis Advisers LLC acquired a new position in Shift4 Payments during the 4th quarter worth approximately $316,000. Public Employees Retirement System of Ohio raised its stake in shares of Shift4 Payments by 2.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company’s stock worth $8,412,000 after buying an additional 1,736 shares in the last quarter. Pacific Point Advisors LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $726,000. Finally, JT Stratford LLC boosted its stake in shares of Shift4 Payments by 15.9% in the fourth quarter. JT Stratford LLC now owns 18,477 shares of the company’s stock valued at $1,918,000 after buying an additional 2,537 shares in the last quarter. Hedge funds and other institutional investors 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.