Wells Fargo & Company Has Lowered Expectations for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective dropped by analysts at Wells Fargo & Company from $135.00 to $115.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 24.02% from the company’s previous close.

Several other analysts also recently issued reports on the company. Oppenheimer decreased their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. B. Riley increased their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stephens restated an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Piper Sandler reaffirmed an “overweight” rating and set a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 target price on the stock. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Shift4 Payments Stock Down 0.9 %

FOUR traded down $0.88 during midday trading on Wednesday, hitting $92.73. 197,928 shares of the company’s stock traded hands, compared to its average volume of 1,811,425. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The company has a market cap of $8.26 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The stock’s fifty day simple moving average is $109.83 and its 200-day simple moving average is $99.15. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of the stock in a transaction that occurred 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 approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were 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 approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $26,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments in the third quarter valued at about $27,000. Rakuten Securities Inc. grew its stake 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 last quarter. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter worth about $28,000. Finally, UMB Bank n.a. acquired a new stake in shares of Shift4 Payments during the fourth quarter worth approximately $29,000. 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.