Shift4 Payments (NYSE:FOUR) Price Target Cut to $115.00 by Analysts at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price objective lowered by Wells Fargo & Company from $135.00 to $115.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Oppenheimer dropped their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Morgan Stanley lowered their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Susquehanna raised their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods raised their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Finally, Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Shift4 Payments Price Performance

Shares of FOUR opened at $94.48 on Wednesday. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The firm has a 50-day simple moving average of $109.61 and a 200-day simple moving average of $99.11. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. On average, equities research analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 30.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Shift4 Payments during the 4th quarter worth $16,195,000. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $26,000. Armis Advisers LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $316,000. Public Employees Retirement System of Ohio increased its position in shares of Shift4 Payments by 2.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company’s stock worth $8,412,000 after purchasing an additional 1,736 shares during the last quarter. Finally, Pacific Point Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth about $726,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.