Oppenheimer Issues Pessimistic Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its target price decreased by Oppenheimer from $142.00 to $135.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 42.18% from the stock’s previous close.

Several other analysts have also commented on the company. 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. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Morgan Stanley boosted their price target on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $94.95 on Thursday. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50. The firm has a market capitalization of $8.55 billion, a PE ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. The business’s 50 day moving average is $110.73 and its 200-day moving average is $97.66. 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. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Sell-side analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of the business’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 sale, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was 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 over the last 90 days. 30.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOUR. Wasatch Advisors LP increased its holdings in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Vanguard Group Inc. increased its holdings in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the last quarter. Cat Rock Capital Management LP bought a new stake in Shift4 Payments in the fourth quarter valued at about $39,222,000. Darlington Partners Capital Management LP increased its holdings in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after purchasing an additional 367,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after purchasing an additional 350,703 shares during 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.