DA Davidson Lowers Shift4 Payments (NYSE:FOUR) Price Target to $124.00

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

FOUR has been the topic of several other reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target on the stock. Oppenheimer lowered their target price on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada boosted their price target on Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. B. Riley increased their price objective on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Piper Sandler reissued an “overweight” rating and issued a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.95.

Shift4 Payments Price Performance

FOUR stock opened at $96.36 on Monday. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.04 and a beta of 1.72. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a 50 day moving average of $110.40 and a 200-day moving average of $98.50. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50.

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

Insider Transactions at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated 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 owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,462 shares of company stock worth $1,211,364. Corporate 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 the business. Wasatch Advisors LP boosted its stake in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after purchasing an additional 562,774 shares during the period. Cat Rock Capital Management LP acquired a new stake in shares of Shift4 Payments during the fourth quarter worth $39,222,000. Darlington Partners Capital Management LP increased its holdings in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after purchasing an additional 367,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Shift4 Payments by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after purchasing an additional 350,703 shares during the last quarter. Institutional investors and hedge funds 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.