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

Shift4 Payments (NYSE:FOUR) had its target price cut by Barclays from $117.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company lowered 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. Raymond James upgraded Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a research note on Monday, March 10th. Stephens restated an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, Morgan Stanley cut their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $112.95.

Shift4 Payments Stock Performance

Shares of FOUR opened at $72.66 on Thursday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The company’s 50 day simple moving average is $99.80 and its 200 day simple moving average is $100.01. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 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 company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. On average, sell-side analysts predict that Shift4 Payments will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, President David Taylor Lauber sold 2,500 shares of the business’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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % 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 ninety days. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the fourth quarter worth about $26,000. Rakuten Securities Inc. raised its position in shares of Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $28,000. UMB Bank n.a. bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $29,000. Finally, Elequin Capital LP boosted its position in 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 purchasing an additional 114 shares during the period. 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.