Shift4 Payments (NYSE:FOUR) Price Target Lowered to $107.00 at Morgan Stanley

Shift4 Payments (NYSE:FOUR) had its price objective reduced by Morgan Stanley from $109.00 to $107.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued research reports about the company. Oppenheimer decreased their target price on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on shares of Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. B. Riley lifted their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Stephens reissued an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.05.

Shift4 Payments Trading Up 1.5 %

Shares of NYSE FOUR opened at $98.97 on Thursday. The firm’s 50 day moving average price is $110.23 and its 200-day moving average price is $98.83. Shift4 Payments has a 52-week low of $55.87 and a 52-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. The company has a market cap of $8.92 billion, a PE ratio of 32.24, a P/E/G ratio of 1.04 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. On average, equities research analysts expect that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. The trade was a 2.33 % 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 over the last 90 days. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. increased its holdings in Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after acquiring an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares during the last quarter. Moody National Bank Trust Division lifted 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 worth $1,645,000 after buying an additional 7,349 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Shift4 Payments during the fourth quarter valued at approximately $812,000. 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.