Shift4 Payments (NYSE:FOUR) Price Target Lowered to $100.00 at Susquehanna

Shift4 Payments (NYSE:FOUR) had its price target lowered by Susquehanna from $140.00 to $100.00 in a report published on Friday,Benzinga reports. The firm currently has a positive rating on the stock.

FOUR has been the topic of a number of other research reports. Barclays lowered their target price on Shift4 Payments from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Piper Sandler dropped their price objective on shares of Shift4 Payments from $143.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James decreased their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Friday, April 4th. Royal Bank of Canada restated an “outperform” rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Finally, Stephens reiterated an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. Eight equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.24.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $77.98 on Friday. The company has a 50 day simple moving average of $94.13 and a two-hundred day simple moving average of $99.61. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.04 and a beta of 1.80. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its 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 the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In other Shift4 Payments news, 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 owns 177,622 shares of the company’s stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were 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 directly owns 264,856 shares in the company, valued at $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. Over the last three months, insiders sold 12,695 shares of company stock worth $1,097,380. Company insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. E. Ohman J or Asset Management AB lifted its position in shares of Shift4 Payments by 17.6% during the first quarter. E. Ohman J or Asset Management AB now owns 27,956 shares of the company’s stock worth $2,284,000 after purchasing an additional 4,180 shares in the last quarter. NBC Securities Inc. lifted its holdings in Shift4 Payments by 57,816.7% during the 1st quarter. NBC Securities Inc. now owns 3,475 shares of the company’s stock worth $283,000 after buying an additional 3,469 shares in the last quarter. Rhumbline Advisers boosted its position in Shift4 Payments by 0.4% in the 1st quarter. Rhumbline Advisers now owns 186,495 shares of the company’s stock valued at $15,238,000 after buying an additional 700 shares during the period. Parallel Advisors LLC grew its stake in shares of Shift4 Payments by 5.9% in the first quarter. Parallel Advisors LLC now owns 3,517 shares of the company’s stock worth $287,000 after acquiring an additional 196 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Shift4 Payments by 11,022.1% during the first quarter. GAMMA Investing LLC now owns 61,283 shares of the company’s stock worth $5,007,000 after acquiring an additional 60,732 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.