Shift4 Payments (NYSE:FOUR) Given New $95.00 Price Target at Keefe, Bruyette & Woods

Shift4 Payments (NYSE:FOUR) had its target price lowered by analysts at Keefe, Bruyette & Woods from $125.00 to $95.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 12.42% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price target for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Oppenheimer cut their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a report on Monday, March 10th. Wells Fargo & Company reduced their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley lowered their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.80.

Shift4 Payments Trading Down 2.3 %

NYSE FOUR opened at $84.50 on Monday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The firm has a 50 day moving average of $103.34 and a two-hundred day moving average of $100.20. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $7.53 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR) last posted 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. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, research analysts expect that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

In related news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction 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. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock worth $1,097,380 over the last ninety days. 30.57% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the 4th quarter worth $26,000. Rakuten Securities Inc. lifted its position in 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 period. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments in the 4th quarter worth about $28,000. UMB Bank n.a. purchased a new stake in Shift4 Payments in the 4th quarter valued at about $29,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Shift4 Payments during the 4th quarter valued at about $31,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.