Benchmark Cuts Shift4 Payments (NYSE:FOUR) Price Target to $100.00

Shift4 Payments (NYSE:FOUR) had its price target cut by Benchmark from $111.00 to $100.00 in a report issued on Monday, Marketbeat reports. They currently have a buy rating on the stock.

FOUR has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Thursday, July 17th. They issued a “buy” rating and a $120.00 price objective on the stock. DA Davidson cut their price target on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Piper Sandler decreased their price objective on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Truist Financial set a $80.00 target price on Shift4 Payments in a research report on Friday, October 24th. Finally, Keefe, Bruyette & Woods reduced their price target on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $100.95.

Shift4 Payments Stock Performance

Shares of FOUR opened at $73.05 on Monday. The firm has a market cap of $6.46 billion, a P/E ratio of 34.30, a PEG ratio of 0.73 and a beta of 1.71. Shift4 Payments has a twelve month low of $61.23 and a twelve month high of $127.50. The firm’s 50 day moving average price is $78.00 and its two-hundred day moving average price is $88.19. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38.

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

Insider Buying and Selling

In other news, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the transaction, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 794 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 25.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Several large investors have recently modified their holdings of FOUR. Wasatch Advisors LP boosted its holdings in shares of Shift4 Payments by 16.4% during the 2nd quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after buying an additional 890,990 shares during the period. Durable Capital Partners LP lifted its position in Shift4 Payments by 15.4% during the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock worth $483,706,000 after acquiring an additional 788,952 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Shift4 Payments by 25.6% during the third quarter. Jennison Associates LLC now owns 2,056,056 shares of the company’s stock worth $159,139,000 after acquiring an additional 419,132 shares during the period. Rice Hall James & Associates LLC grew its position in shares of Shift4 Payments by 71.3% in the third quarter. Rice Hall James & Associates LLC now owns 584,231 shares of the company’s stock valued at $45,219,000 after purchasing an additional 243,161 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Shift4 Payments by 64.7% in the first quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock valued at $47,458,000 after purchasing an additional 228,079 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

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.