Barclays Issues Pessimistic Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

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

Several other equities research analysts have also weighed in on the company. Oppenheimer dropped their target price on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective on the stock. Morgan Stanley decreased their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Raymond James raised Shift4 Payments from an “outperform” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a report on Monday, March 10th. Finally, Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.95.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $72.66 on Thursday. The firm has a fifty day moving average of $99.80 and a two-hundred day moving average of $99.90. The firm has a market cap of $6.47 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.04 and a beta of 1.80. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during 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 anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was 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 in the company, valued at $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now owns 264,856 shares of the company’s stock, 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 company insiders.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors have recently bought and sold shares of the stock. Moody National Bank Trust Division raised its position in shares of Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after purchasing an additional 7,349 shares during the period. State of Alaska Department of Revenue bought a new position in Shift4 Payments in the 4th quarter worth $812,000. Stifel Financial Corp lifted its position in 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 acquiring an additional 7,117 shares during the last quarter. Lebenthal Global Advisors LLC bought a new stake in Shift4 Payments during the fourth quarter valued at about $328,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at about $358,000. 98.87% of the stock is currently owned by institutional investors.

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.