Barclays Cuts Shift4 Payments (NYSE:FOUR) Price Target to $110.00

Shift4 Payments (NYSE:FOUR) had its price objective dropped by equities researchers at Barclays from $117.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 51.40% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 price objective for the company. Raymond James upgraded Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price objective on the stock in a research note on Monday, March 10th. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and cut their target price for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. DA Davidson lowered their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average target price of $112.95.

Shift4 Payments Trading Down 8.4 %

Shares of FOUR opened at $72.66 on Thursday. The stock’s 50-day moving average price is $99.80 and its 200 day moving average price is $99.90. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company 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, research analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOUR. Vanguard Group Inc. increased its stake in Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP acquired a new position in shares of Shift4 Payments in the 4th quarter valued at $39,222,000. Darlington Partners Capital Management LP increased its position in shares of Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after buying an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Shift4 Payments by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock worth $127,689,000 after buying an additional 350,703 shares during the period. Finally, Northern Trust Corp lifted its holdings in Shift4 Payments by 84.4% during the fourth quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock worth $54,068,000 after acquiring an additional 238,478 shares in the last quarter. 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.