Shift4 Payments (NYSE:FOUR) Given New $130.00 Price Target at Raymond James

Shift4 Payments (NYSE:FOUR) had its price objective decreased by Raymond James from $140.00 to $130.00 in a research note published on Friday morning,Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

Several other equities research analysts also recently issued reports on FOUR. Stephens reaffirmed an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Wells Fargo & Company reduced their target price on shares of Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Oppenheimer decreased their price objective on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. DA Davidson reduced their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Monday, February 3rd. They set a “hold” rating and a $120.00 price target on the stock. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.95.

Shift4 Payments Trading Down 8.4 %

Shares of Shift4 Payments stock opened at $72.66 on Friday. The firm has a market cap of $6.47 billion, a PE ratio of 23.67, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. 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 business’s fifty day moving average is $99.80 and its two-hundred day moving average is $100.12.

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

Insiders Place Their Bets

In other news, President David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 value of $849,800.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 in the last three months. Insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in Shift4 Payments by 63.5% in the 3rd quarter. Captrust Financial Advisors now owns 14,615 shares of the company’s stock worth $1,295,000 after acquiring an additional 5,674 shares during the period. Centiva Capital LP grew its position in shares of Shift4 Payments by 104.3% in the third quarter. Centiva Capital LP now owns 8,504 shares of the company’s stock valued at $753,000 after purchasing an additional 4,342 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Shift4 Payments in the third quarter worth about $448,000. Quantinno Capital Management LP lifted its position in shares of Shift4 Payments by 204.9% during the 3rd quarter. Quantinno Capital Management LP now owns 26,254 shares of the company’s stock worth $2,326,000 after purchasing an additional 17,642 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Shift4 Payments by 14.3% during the 3rd quarter. Stifel Financial Corp now owns 56,894 shares of the company’s stock worth $5,041,000 after purchasing an additional 7,117 shares during 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.