BTIG Research Lowers Shift4 Payments (NYSE:FOUR) Price Target to $110.00

Shift4 Payments (NYSE:FOUR) had its target price dropped by BTIG Research from $135.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target points to a potential upside of 41.07% from the company’s current price.

Several other equities research analysts have also weighed in on FOUR. Piper Sandler reissued an “overweight” rating and set a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Evercore ISI initiated coverage on shares of Shift4 Payments in a report on Wednesday. They set an “in-line” rating and a $80.00 price objective on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, March 31st. Barclays cut their price target on shares of Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.24.

Shift4 Payments Trading Down 1.1 %

Shares of NYSE:FOUR opened at $77.98 on Thursday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The company’s 50 day moving average is $94.13 and its two-hundred day moving average is $99.51. The company has a market cap of $6.95 billion, a PE ratio of 25.40, a P/E/G ratio of 1.04 and a beta of 1.80. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1 billion. Equities analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares of the company’s stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last 90 days. 30.57% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth about $26,000. Rakuten Securities Inc. increased its position in Shift4 Payments by 153.9% during 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 last quarter. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments during the fourth quarter worth approximately $28,000. UMB Bank n.a. acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $29,000. Finally, Elequin Capital LP grew its stake in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 114 shares during the period. Hedge funds and other 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.