Shift4 Payments (NYSE:FOUR) Given New $135.00 Price Target at Oppenheimer

Shift4 Payments (NYSE:FOUR) had its price target reduced by Oppenheimer from $142.00 to $135.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 42.18% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Piper Sandler restated an “overweight” rating and issued a $143.00 price target (up from $120.00) on shares of Shift4 Payments in a report on Wednesday. B. Riley upped their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stephens reaffirmed an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday. Wells Fargo & Company upped their price objective on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, DA Davidson upped their price objective on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $114.19.

Shift4 Payments Stock Down 4.0 %

Shares of Shift4 Payments stock opened at $94.95 on Thursday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The business has a 50-day moving average of $110.73 and a two-hundred day moving average of $97.66. The company has a market capitalization of $8.55 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts predict that Shift4 Payments will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company’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 value of $147,764.34. Following the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last 90 days. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in shares of Shift4 Payments by 2.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company’s stock worth $8,412,000 after purchasing an additional 1,736 shares during the period. Pacific Point Advisors LLC bought a new position in shares of Shift4 Payments during the fourth quarter worth approximately $726,000. JT Stratford LLC increased its stake in shares of Shift4 Payments by 15.9% during the fourth quarter. JT Stratford LLC now owns 18,477 shares of the company’s stock worth $1,918,000 after purchasing an additional 2,537 shares during the period. Castleark Management LLC increased its stake in shares of Shift4 Payments by 15.2% during the fourth quarter. Castleark Management LLC now owns 78,940 shares of the company’s stock worth $8,192,000 after purchasing an additional 10,440 shares during the period. Finally, Elequin Capital LP increased its stake in shares of Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after purchasing an additional 114 shares during the period. 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.