Keefe, Bruyette & Woods Lowers Shift4 Payments (NYSE:FOUR) Price Target to $95.00

Shift4 Payments (NYSE:FOUR) had its target price cut by Keefe, Bruyette & Woods from $125.00 to $95.00 in a research note published on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

FOUR has been the topic of a number of other reports. Piper Sandler restated an “overweight” rating and set a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a report on Monday, March 10th. Finally, Stephens reissued an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $85.86 on Monday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The business has a 50-day moving average of $101.44 and a 200 day moving average of $100.12. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, sell-side analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was 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 owns 264,856 shares of the company’s stock, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 177,622 shares of the company’s stock, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,695 shares of company stock valued at $1,097,380. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the 4th quarter valued at $26,000. Rakuten Securities Inc. increased its stake in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the fourth quarter valued at $28,000. UMB Bank n.a. purchased a new position in Shift4 Payments during the fourth quarter worth about $29,000. Finally, Valley National Advisers Inc. acquired a new stake in Shift4 Payments in the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.