Shift4 Payments (NYSE:FOUR) Given New $110.00 Price Target at Barclays

Shift4 Payments (NYSE:FOUR) had its price objective dropped by stock analysts at Barclays from $117.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 36.56% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Raymond James upgraded Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price objective on the stock in a research note on Monday, March 10th. Stephens reissued an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price target on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Morgan Stanley decreased their price objective on Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Seven investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.45.

Shift4 Payments Trading Down 3.7 %

FOUR opened at $80.55 on Thursday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The firm has a market cap of $7.18 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.04 and a beta of 1.76. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The business has a fifty day simple moving average of $101.44 and a 200-day simple moving average of $100.12.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, equities analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently modified their holdings of FOUR. Moody National Bank Trust Division raised its position in Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after buying an additional 7,349 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Shift4 Payments during the fourth quarter worth about $812,000. Stifel Financial Corp raised its holdings in Shift4 Payments by 14.3% during the third quarter. Stifel Financial Corp now owns 56,894 shares of the company’s stock worth $5,041,000 after purchasing an additional 7,117 shares in the last quarter. Lebenthal Global Advisors LLC acquired a new stake in Shift4 Payments in the fourth quarter valued at about $328,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Shift4 Payments in the 4th quarter valued at approximately $358,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.