Shift4 Payments (NYSE:FOUR) Given New $117.00 Price Target at Barclays

Shift4 Payments (NYSE:FOUR) had its target price reduced by Barclays from $120.00 to $117.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on FOUR. Royal Bank of Canada lifted their price target on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Oppenheimer decreased their price target 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. DA Davidson lifted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.95.

Shift4 Payments Trading Up 1.9 %

Shares of FOUR stock opened at $96.84 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a market capitalization of $8.73 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The company has a 50 day moving average price of $110.60 and a 200 day moving average price of $98.34. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm 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%. Equities research analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently bought and sold shares of FOUR. Creative Planning acquired a new position in Shift4 Payments in the 3rd quarter valued at $293,000. International Assets Investment Management LLC grew its stake in shares of Shift4 Payments by 10,217.7% during the 3rd quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after purchasing an additional 158,987 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Shift4 Payments by 11,535.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,038 shares of the company’s stock worth $2,024,000 after purchasing an additional 22,840 shares during the period. Modera Wealth Management LLC acquired a new position in shares of Shift4 Payments during the 3rd quarter worth $392,000. Finally, Financial Management Professionals Inc. acquired a new position in shares of Shift4 Payments during the 3rd quarter worth $56,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.