Barclays Lowers Shift4 Payments (NYSE:FOUR) Price Target to $117.00

Shift4 Payments (NYSE:FOUR) had its target price dropped by stock analysts at Barclays from $120.00 to $117.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 21.53% from the stock’s current price.

FOUR has been the topic of a number of other research reports. DA Davidson boosted their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their target price for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. 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 report on Wednesday, February 19th. Stephens reissued an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Oppenheimer reduced their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $113.95.

Shift4 Payments Trading Down 0.7 %

NYSE:FOUR opened at $96.27 on Monday. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $8.67 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The firm’s 50 day moving average is $110.45 and its 200 day moving average is $98.51. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. Sell-side analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were 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 directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,462 shares of company stock worth $1,211,364. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. boosted its position in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock valued at $81,000 after buying an additional 99 shares during the period. Elequin Capital LP boosted its position in Shift4 Payments by 62.3% during the fourth 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. Perigon Wealth Management LLC boosted its position in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after buying an additional 133 shares during the period. Triumph Capital Management raised its stake in shares of Shift4 Payments by 3.2% during the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company’s stock valued at $452,000 after acquiring an additional 137 shares during the last quarter. Finally, MRP Capital Investments LLC raised its stake in shares of Shift4 Payments by 5.9% during the fourth quarter. MRP Capital Investments LLC now owns 2,700 shares of the company’s stock valued at $280,000 after acquiring an additional 150 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.