Piper Sandler Cuts Shift4 Payments (NYSE:FOUR) Price Target to $113.00

Shift4 Payments (NYSE:FOUR) had its price target decreased by Piper Sandler from $143.00 to $113.00 in a report published on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other analysts also recently weighed in on FOUR. BTIG Research dropped their price objective on Shift4 Payments from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer reduced their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley decreased 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 report on Thursday, February 27th. Raymond James cut their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 4th. Finally, DA Davidson lowered their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Eight investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.24.

Shift4 Payments Trading Down 1.1 %

Shares of Shift4 Payments stock opened at $77.98 on Thursday. The company has a quick ratio of 2.97, a current ratio of 1.38 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. The company has a market capitalization 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 firm’s 50-day moving average price is $94.13 and its two-hundred day moving average price is $99.51.

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. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. On average, analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares in the company, valued at $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the transaction, 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 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. 30.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP purchased a new position in Shift4 Payments during the fourth quarter worth about $39,222,000. Darlington Partners Capital Management LP grew its position in 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 worth $260,489,000 after purchasing an additional 367,500 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after buying an additional 350,703 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Shift4 Payments by 84.4% during the 4th quarter. Northern Trust Corp now owns 520,990 shares of the company’s stock worth $54,068,000 after buying an additional 238,478 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.