Shift4 Payments (NYSE:FOUR) Price Target Lowered to $113.00 at Piper Sandler

Shift4 Payments (NYSE:FOUR) had its price objective cut by analysts at Piper Sandler from $143.00 to $113.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 43.29% from the company’s previous close.

A number of other research firms have also weighed in on FOUR. BTIG Research lowered their target price on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods decreased their price objective on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Oppenheimer cut their target price on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Evercore ISI began coverage on shares of Shift4 Payments in a research report on Wednesday. They set an “in-line” rating and a $80.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.19.

Shift4 Payments Stock Down 5.4 %

NYSE FOUR traded down $4.50 on Thursday, reaching $78.86. 722,600 shares of the stock traded hands, compared to its average volume of 1,595,048. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.04 and a beta of 1.80. The company has a fifty day moving average price of $95.74 and a 200-day moving average price of $99.62. 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 (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. As a group, research analysts forecast that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock valued at $1,097,380 over the last 90 days. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. grew its position in shares of Shift4 Payments by 57,816.7% in the first quarter. NBC Securities Inc. now owns 3,475 shares of the company’s stock valued at $283,000 after purchasing an additional 3,469 shares during the period. Rhumbline Advisers lifted its stake in Shift4 Payments by 0.4% in the 1st quarter. Rhumbline Advisers now owns 186,495 shares of the company’s stock valued at $15,238,000 after buying an additional 700 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Shift4 Payments by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 3,517 shares of the company’s stock worth $287,000 after buying an additional 196 shares during the last quarter. GAMMA Investing LLC increased its stake in Shift4 Payments by 11,022.1% during the 1st quarter. GAMMA Investing LLC now owns 61,283 shares of the company’s stock worth $5,007,000 after buying an additional 60,732 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Shift4 Payments by 3.5% during the fourth quarter. California State Teachers Retirement System now owns 55,097 shares of the company’s stock valued at $5,718,000 after acquiring an additional 1,868 shares during 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.