Shift4 Payments (NYSE:FOUR) Price Target Cut to $90.00 by Analysts at Keefe, Bruyette & Woods

Shift4 Payments (NYSE:FOUR) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $100.00 to $90.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 14.45% from the company’s current price.

Several other brokerages have also issued reports on FOUR. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target on the stock. BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Morgan Stanley dropped their price target on Shift4 Payments from $100.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. UBS Group dropped their price target on Shift4 Payments from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, Truist Financial boosted their price target on Shift4 Payments from $97.00 to $109.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $114.68.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $78.64 on Wednesday. The stock’s 50 day moving average is $88.75 and its 200 day moving average is $89.53. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market cap of $6.95 billion, a P/E ratio of 29.12, a P/E/G ratio of 0.76 and a beta of 1.69. Shift4 Payments has a one year low of $68.09 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.Shift4 Payments’s revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, research analysts expect that Shift4 Payments will post 3.7 EPS for the current year.

Insider Activity

In related news, Chairman Jared Isaacman purchased 104,705 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman owned 939,715 shares of the company’s stock, valued at $78,569,571.15. This represents a 12.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Taylor Lauber sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total value of $221,475.00. Following the sale, the chief executive officer owned 285,588 shares of the company’s stock, valued at $25,300,240.92. This trade represents a 0.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.15% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors have recently bought and sold shares of the stock. SRH Advisors LLC bought a new stake in Shift4 Payments during the first quarter worth $26,000. Banque Transatlantique SA bought a new stake in Shift4 Payments during the first quarter worth $27,000. Allworth Financial LP grew its holdings in Shift4 Payments by 410.9% during the second quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after buying an additional 226 shares in the last quarter. Harbour Investments Inc. bought a new stake in Shift4 Payments during the first quarter worth $32,000. Finally, Valley National Advisers Inc. grew its holdings in Shift4 Payments by 41.7% during the first quarter. Valley National Advisers Inc. now owns 425 shares of the company’s stock worth $34,000 after buying an additional 125 shares in the last quarter. 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.