Shift4 Payments (NYSE:FOUR) Shares Gap Down – What’s Next?

Shift4 Payments, Inc. (NYSE:FOUR) shares gapped down prior to trading on Wednesday . The stock had previously closed at $125.66, but opened at $115.00. Shift4 Payments shares last traded at $106.35, with a volume of 835,574 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FOUR shares. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday. DA Davidson upped their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, B. Riley upped their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a 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 $114.19.

Shift4 Payments Trading Down 4.0 %

The stock’s fifty day simple moving average is $110.87 and its 200-day simple moving average is $97.43. The firm has a market cap of $8.55 billion, a PE ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

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, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last 90 days. 30.57% of the stock is currently owned by company insiders.

Institutional Trading of Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. CWM LLC grew its position in Shift4 Payments by 95.8% during the third quarter. CWM LLC now owns 2,214 shares of the company’s stock valued at $196,000 after buying an additional 1,083 shares during the period. Creative Planning acquired a new stake in Shift4 Payments during the third quarter valued at $293,000. Allspring Global Investments Holdings LLC grew its position in Shift4 Payments by 245.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock valued at $14,294,000 after buying an additional 114,659 shares during the period. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the third quarter valued at $25,000. Finally, International Assets Investment Management LLC grew its position in Shift4 Payments by 10,217.7% during the third quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock valued at $14,224,000 after buying an additional 158,987 shares during the period. Institutional investors and hedge funds 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.