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

Shift4 Payments (NYSE:FOUR) had its target price cut by Barclays from $120.00 to $117.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada boosted their price objective on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. The Goldman Sachs Group increased their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods lifted their price target 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 investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.95.

Shift4 Payments Trading Down 0.2 %

Shares of FOUR opened at $96.36 on Monday. Shift4 Payments has a 1-year low of $55.87 and a 1-year 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 firm’s 50-day moving average price is $110.40 and its 200-day moving average price is $98.50. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.04 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Sell-side analysts anticipate that Shift4 Payments will post 3.7 EPS for the current year.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth $26,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments in the 3rd quarter valued at about $27,000. Rakuten Securities Inc. grew its position in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter worth approximately $28,000. Finally, UMB Bank n.a. purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $29,000. Institutional investors own 98.87% of the company’s stock.

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.