Shift4 Payments (NYSE:FOUR) Price Target Lowered to $113.00 at Piper Sandler

Shift4 Payments (NYSE:FOUR) had its price target decreased by Piper Sandler from $143.00 to $113.00 in a research note published on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities analysts also recently issued reports on FOUR. Oppenheimer decreased their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company cut their price target on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Barclays decreased their price objective on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Raymond James cut their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a report on Friday, April 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.19.

Shift4 Payments Stock Down 5.4 %

Shares of NYSE FOUR opened at $78.83 on Thursday. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The company has a 50-day moving average of $94.94 and a 200 day moving average of $99.57. The stock has a market cap of $7.02 billion, a PE ratio of 25.68, a P/E/G ratio of 1.04 and a beta of 1.80.

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

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares of the company’s stock, valued at $15,094,317.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by corporate insiders.

Institutional Trading of Shift4 Payments

Several large investors have recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth $26,000. Rakuten Securities Inc. increased its holdings in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after acquiring an additional 157 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $29,000. Finally, Elequin Capital LP grew its position in shares of Shift4 Payments by 62.3% in 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 during the last quarter. Institutional investors and hedge funds 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.