Keefe, Bruyette & Woods Has Lowered Expectations for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective lowered by equities researchers at Keefe, Bruyette & Woods from $125.00 to $95.00 in a report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 13.68% from the company’s current price.

A number of other research analysts have also commented on FOUR. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Stephens reaffirmed an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and cut their target price for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Finally, Barclays reduced their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.80.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $83.57 on Monday. 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 firm has a fifty day simple moving average of $102.03 and a 200-day simple moving average of $100.22. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company 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, sell-side analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. boosted its holdings in Shift4 Payments by 14.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock valued at $81,000 after purchasing an additional 99 shares during the period. Elequin Capital LP raised 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 buying an additional 114 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Shift4 Payments by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after buying an additional 133 shares during the period. Triumph Capital Management boosted its stake in shares of Shift4 Payments by 3.2% in the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company’s stock valued at $452,000 after buying an additional 137 shares during the period. Finally, MRP Capital Investments LLC grew its position in Shift4 Payments by 5.9% during the fourth quarter. MRP Capital Investments LLC now owns 2,700 shares of the company’s stock worth $280,000 after buying an additional 150 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.