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

Shift4 Payments (NYSE:FOUR) had its price objective reduced by stock analysts at Barclays from $120.00 to $117.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 23.22% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Susquehanna upped their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Stephens reaffirmed an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. DA Davidson upped their price objective on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.05.

Shift4 Payments Stock Down 4.0 %

Shares of FOUR opened at $94.95 on Monday. The company has a market capitalization of $8.55 billion, a P/E ratio of 30.93, a PEG ratio of 1.04 and a beta of 1.72. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50. The business’s 50 day simple moving average is $110.73 and its 200-day simple moving average is $98.15.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 EPS 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 the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, sell-side analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. Corporate insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Large investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Shift4 Payments during the 4th quarter worth about $26,000. Rakuten Securities Inc. increased its holdings in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Shift4 Payments during the 4th quarter worth about $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the 4th quarter worth about $29,000. Finally, Elequin Capital LP increased its holdings in Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. 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.