Shift4 Payments (NYSE:FOUR) Price Target Cut to $124.00 by Analysts at DA Davidson

Shift4 Payments (NYSE:FOUR) had its price target decreased by DA Davidson from $140.00 to $124.00 in a research note issued to investors on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other research firms have also recently weighed in on FOUR. Oppenheimer cut their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Stephens reissued an “overweight” rating and issued a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, Susquehanna lifted their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.95.

Shift4 Payments Stock Performance

FOUR opened at $96.84 on Monday. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.04 and a beta of 1.72. The company has a fifty day moving average of $110.60 and a 200 day moving average of $98.34. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, sell-side analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 in the last 90 days. 30.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shift4 Payments

Large investors have recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter valued at about $26,000. Transcendent Capital Group LLC bought a new stake in shares of Shift4 Payments in the 3rd quarter valued at about $27,000. Rakuten Securities Inc. raised its holdings in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the 4th quarter valued at about $28,000. Finally, UMB Bank n.a. bought a new stake in shares of Shift4 Payments in the 4th quarter valued at about $29,000. Institutional investors own 98.87% of the company’s stock.

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.