Shift4 Payments (NYSE:FOUR) Price Target Cut to $135.00 by Analysts at Oppenheimer

Shift4 Payments (NYSE:FOUR) had its price target cut by Oppenheimer from $142.00 to $135.00 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

FOUR has been the topic of a number of other reports. Wells Fargo & Company raised their target price on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. 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 note on Thursday. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. 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 for the company. Finally, Susquehanna boosted their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.19.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $98.79 on Thursday. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.32 and a beta of 1.72. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The company’s 50-day moving average price is $110.87 and its 200 day moving average price is $97.43. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

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, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. As a group, research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % 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, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock valued at $1,211,364 over the last ninety days. 30.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the third quarter worth about $25,000. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC bought a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $27,000. Rakuten Securities Inc. raised its holdings in Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 157 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the 4th quarter worth approximately $28,000. Hedge funds and other 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.