Raymond James Cuts Shift4 Payments (NYSE:FOUR) Price Target to $130.00

Shift4 Payments (NYSE:FOUR) had its price target cut by Raymond James from $140.00 to $130.00 in a research note published on Friday,Benzinga reports. They currently have a strong-buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective on the stock. Wells Fargo & Company dropped their target price on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lowered their price target on Shift4 Payments from $125.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, March 31st. DA Davidson lowered their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.95.

Shift4 Payments Stock Down 8.4 %

NYSE:FOUR opened at $72.66 on Friday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50. 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 fifty day simple moving average of $99.80 and a 200-day simple moving average of $100.12.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share 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 analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Analysts anticipate that Shift4 Payments will post 3.7 EPS for the current year.

Insiders Place Their Bets

In related news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments 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 trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors have recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the fourth quarter valued at $26,000. Rakuten Securities Inc. grew its holdings in shares of Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after buying an additional 157 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the 4th quarter valued at about $28,000. UMB Bank n.a. purchased a new stake in Shift4 Payments during the 4th quarter valued at approximately $29,000. Finally, Elequin Capital LP lifted its position in Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after acquiring an additional 114 shares during the period. 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.