Royal Bank Of Canada Has Lowered Expectations for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective reduced by research analysts at Royal Bank Of Canada from $127.00 to $96.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 45.12% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods dropped their target price on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Mizuho lowered their price target on Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Wells Fargo & Company reduced their price objective on Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday. UBS Group decreased their target price on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday. Finally, DA Davidson dropped their price target on Shift4 Payments from $124.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $102.25.

Shift4 Payments Stock Performance

FOUR stock opened at $66.15 on Friday. Shift4 Payments has a twelve month low of $61.23 and a twelve month high of $127.50. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 0.67 and a beta of 1.71. The business’s fifty day simple moving average is $79.06 and its two-hundred day simple moving average is $88.37. The company has a quick ratio of 2.53, a current ratio of 1.38 and a debt-to-equity ratio of 3.27.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. 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 firm posted $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. Analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity

In related news, Chairman Jared Isaacman purchased 104,705 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the acquisition, the chairman owned 939,715 shares of the company’s stock, valued at $78,569,571.15. The trade was a 12.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 794 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the transaction, the insider directly owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 25.15% 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. Allworth Financial LP boosted its holdings in shares of Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 226 shares in the last quarter. SRH Advisors LLC bought a new position in shares of Shift4 Payments during the 1st quarter worth approximately $26,000. Banque Transatlantique SA purchased a new stake in Shift4 Payments during the first quarter valued at approximately $27,000. Harbour Investments Inc. acquired a new stake in Shift4 Payments in the first quarter valued at approximately $32,000. Finally, Advisors Asset Management Inc. grew 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 during the last quarter. 98.87% of the stock is currently owned by institutional investors.

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.