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

Shift4 Payments (NYSE:FOUR) had its price target decreased by Oppenheimer from $142.00 to $135.00 in a research note published on Thursday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. DA Davidson lifted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. 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 report on Thursday. Finally, Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.19.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $94.95 on Thursday. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.04 and a beta of 1.72. The business has a 50-day moving average of $110.73 and a 200-day moving average of $97.91. 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 fifty-two week low of $55.87 and a fifty-two week high of $127.50.

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

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,462 shares of company stock worth $1,211,364. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock valued at $81,000 after purchasing an additional 99 shares in the last quarter. Elequin Capital LP raised its position in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock worth $419,000 after buying an additional 133 shares during the last quarter. Triumph Capital Management grew its stake in shares of Shift4 Payments by 3.2% during the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company’s stock worth $452,000 after buying an additional 137 shares during the last quarter. Finally, MRP Capital Investments LLC grew its stake in shares of Shift4 Payments by 5.9% during the fourth quarter. MRP Capital Investments LLC now owns 2,700 shares of the company’s stock worth $280,000 after buying an additional 150 shares during the last quarter. 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.