Morgan Stanley Cuts Shift4 Payments (NYSE:FOUR) Price Target to $107.00

Shift4 Payments (NYSE:FOUR) had its price objective cut by Morgan Stanley from $109.00 to $107.00 in a report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also issued research reports about the company. B. Riley upped their target price on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price objective for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and issued a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price target on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Barclays decreased their price objective on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $115.05.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $98.97 on Thursday. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a market cap of $8.92 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The firm’s fifty day moving average price is $110.23 and its 200-day moving average price is $98.83.

Shift4 Payments (NYSE:FOUR) last released 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 return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. On average, equities research analysts expect 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 1,462 shares of the 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 completion of the transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the 4th quarter worth about $26,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments during the third quarter worth about $27,000. Rakuten Securities Inc. grew its holdings in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $28,000. Finally, UMB Bank n.a. purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $29,000. Institutional investors own 98.87% of the company’s stock.

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.