Shift4 Payments (NYSE:FOUR) Price Target Lowered to $115.00 at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price target dropped by equities researchers at Wells Fargo & Company from $135.00 to $115.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 28.88% from the stock’s previous close.

Several other equities research analysts also recently weighed in on FOUR. B. Riley raised their price objective on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stephens reaffirmed an “overweight” rating and set a $125.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 19th. Barclays lowered their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods raised their target price on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Shift4 Payments Trading Down 5.7 %

NYSE FOUR opened at $89.23 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The business’s fifty day moving average is $109.25 and its 200 day moving average is $99.04.

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, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. As a group, sell-side analysts expect that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 30.57% of the stock is currently owned by company insiders.

Institutional Trading of Shift4 Payments

Large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Shift4 Payments during the 4th quarter valued at about $16,195,000. Heck Capital Advisors LLC acquired a new position in Shift4 Payments during the 4th quarter valued at about $26,000. Armis Advisers LLC acquired a new position in Shift4 Payments during the 4th quarter valued at about $316,000. Public Employees Retirement System of Ohio boosted its stake in Shift4 Payments by 2.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company’s stock valued at $8,412,000 after purchasing an additional 1,736 shares during the last quarter. Finally, Pacific Point Advisors LLC acquired a new position in Shift4 Payments during the 4th quarter valued at about $726,000. 98.87% of the stock is currently 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.