Shift4 Payments (NYSE:FOUR) Downgraded to Market Perform Rating by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of Shift4 Payments (NYSE:FOUR) from an outperform rating to a market perform rating in a report published on Monday, Marketbeat.com reports. They currently have $112.00 price target on the stock.

A number of other analysts also recently issued reports on the company. BTIG Research lifted their price target on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Susquehanna increased their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Stephens raised their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their target price for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.10.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $102.98 on Monday. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company has a fifty day simple moving average of $98.20 and a 200-day simple moving average of $82.53. The stock has a market cap of $9.28 billion, a P/E ratio of 55.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $116.84.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock worth $3,226,675. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors have recently modified their holdings of FOUR. Wasatch Advisors LP raised its holdings in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after buying an additional 1,078,115 shares in the last quarter. Senator Investment Group LP grew its stake in Shift4 Payments by 8,551.1% in the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares during the last quarter. Finally, Artemis Investment Management LLP increased its holdings in Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares in the last quarter. Hedge funds and other 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.