Keefe, Bruyette & Woods Lowers Shift4 Payments (NYSE:FOUR) Price Target to $72.00

Shift4 Payments (NYSE:FOUR) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $84.00 to $72.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 14.40% from the company’s previous close.

Several other brokerages have also recently weighed in on FOUR. Truist Financial dropped their price objective on Shift4 Payments from $80.00 to $74.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Oppenheimer decreased their price target on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shift4 Payments in a research note on Monday. Raymond James Financial reiterated a “strong-buy” rating and set a $90.00 price objective on shares of Shift4 Payments in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada decreased their target price on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.55.

Shift4 Payments Stock Performance

NYSE FOUR traded down $0.03 during trading on Friday, reaching $62.94. The company’s stock had a trading volume of 593,545 shares, compared to its average volume of 1,416,758. The firm has a 50 day moving average price of $68.25 and a 200 day moving average price of $82.68. Shift4 Payments has a 12 month low of $61.23 and a 12 month high of $127.50. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.66. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The firm’s revenue for the quarter was up 61.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, equities analysts anticipate that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, CEO David Taylor Lauber sold 12,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the transaction, the chief executive officer directly owned 273,588 shares in the company, valued at approximately $18,877,572. This represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total value of $347,500.00. Following the sale, the director directly owned 130,420 shares in the company, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,438 shares of company stock valued at $1,278,317. 25.15% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

Institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its position in shares of Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after acquiring an additional 226 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Shift4 Payments during the first quarter worth approximately $27,000. Advisors Asset Management Inc. increased its holdings in Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Shift4 Payments by 148.1% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $41,000 after buying an additional 314 shares during the period. Finally, Vestcor Inc bought a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $45,000. Institutional investors own 98.87% of the company’s stock.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.