UBS Group Lowers Shift4 Payments (NYSE:FOUR) Price Target to $100.00

Shift4 Payments (NYSE:FOUR) had its target price cut by equities researchers at UBS Group from $115.00 to $100.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 51.16% from the stock’s current price.

A number of other equities research analysts have also recently commented on FOUR. Morgan Stanley decreased their price target on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. Susquehanna decreased their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a research report on Friday. Weiss Ratings cut shares of Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Keefe, Bruyette & Woods cut their price target 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a report on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $102.25.

Shift4 Payments Price Performance

Shares of FOUR opened at $66.15 on Friday. The company has a 50 day moving average of $79.06 and a two-hundred day moving average of $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 has a twelve month low of $61.23 and a twelve month high of $127.50. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). The business 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 business’s revenue for the quarter was up 61.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total transaction of $71,372.66. Following the sale, the insider owned 56,324 shares of the company’s stock, valued at $5,062,964.36. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the transaction, the chief executive officer directly owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 25.15% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new stake in shares of Shift4 Payments during the 1st quarter worth about $726,000. Envestnet Asset Management Inc. raised its holdings in Shift4 Payments by 18.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company’s stock worth $5,899,000 after purchasing an additional 11,307 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Shift4 Payments by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock worth $298,000 after purchasing an additional 194 shares during the period. Cerity Partners LLC boosted its position in Shift4 Payments by 10.0% during the first 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. Finally, Bosman Wealth Management LLC grew its holdings in Shift4 Payments by 79.9% in the first quarter. Bosman Wealth Management LLC now owns 43,798 shares of the company’s stock valued at $3,579,000 after purchasing an additional 19,456 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.