Shift4 Payments (NYSE:FOUR) Price Target Cut to $113.00 by Analysts at Piper Sandler

Shift4 Payments (NYSE:FOUR) had its target price lowered by investment analysts at Piper Sandler from $143.00 to $113.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 44.91% from the company’s current price.

FOUR has been the subject of several other reports. BTIG Research lowered their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Raymond James lowered their price target on Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Friday, April 4th. Royal Bank of Canada reissued an “outperform” rating and set a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. Barclays dropped their target price on shares of Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Finally, Evercore ISI assumed coverage on Shift4 Payments in a research report on Wednesday. They set an “in-line” rating and a $80.00 price objective for the company. Eight equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.24.

Shift4 Payments Stock Down 1.1 %

Shares of FOUR opened at $77.98 on Thursday. The firm has a market cap of $6.95 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The stock has a 50 day simple moving average of $94.13 and a two-hundred day simple moving average of $99.51. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1 billion. On average, analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, 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 sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction 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 completion of the sale, the president now owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its holdings in shares of Shift4 Payments by 14.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock worth $81,000 after purchasing an additional 99 shares during the period. Elequin Capital LP lifted its position in Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after buying an additional 114 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock worth $419,000 after buying an additional 133 shares during the period. Triumph Capital Management increased its position in 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% in 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 period. 98.87% of the stock is owned by 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.