Shift4 Payments (NYSE:FOUR) Price Target Lowered to $104.00 at DA Davidson

Shift4 Payments (NYSE:FOUR) had its target price cut by DA Davidson from $114.00 to $104.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 41.22% from the stock’s current price.

Other analysts have also issued reports about the stock. Piper Sandler dropped their target price on shares of Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. The Goldman Sachs Group lowered their price target on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Keefe, Bruyette & Woods cut their price objective on Shift4 Payments from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday. BTIG Research restated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $90.00 price target on shares of Shift4 Payments in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.95.

Shift4 Payments Trading Up 3.1%

Shares of Shift4 Payments stock traded up $2.24 on Wednesday, hitting $73.64. The stock had a trading volume of 2,195,445 shares, compared to its average volume of 1,909,025. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments has a one year low of $61.23 and a one year high of $127.50. The stock’s 50-day simple moving average is $78.31 and its two-hundred day simple moving average is $88.29. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 0.74 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The company’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Shift4 Payments will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the sale, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The transaction 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 Shift4 Payments stock in a transaction dated 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. This represents a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 25.15% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new stake in Shift4 Payments during the first quarter valued at approximately $726,000. Envestnet Asset Management Inc. grew its position in shares of Shift4 Payments by 18.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company’s stock valued at $5,899,000 after acquiring an additional 11,307 shares during the period. Cerity Partners LLC increased its stake in shares of Shift4 Payments by 10.0% in the 1st quarter. Cerity Partners LLC now owns 5,092 shares of the company’s stock worth $416,000 after purchasing an additional 463 shares in the last quarter. Xponance Inc. raised its holdings in Shift4 Payments by 3.4% in the 1st quarter. Xponance Inc. now owns 13,295 shares of the company’s stock worth $1,086,000 after purchasing an additional 432 shares during the period. Finally, Arizona State Retirement System raised its holdings in Shift4 Payments by 2.7% in the 1st quarter. Arizona State Retirement System now owns 17,486 shares of the company’s stock worth $1,429,000 after purchasing an additional 458 shares during the period. Hedge funds and other 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.