Oppenheimer Cuts Shift4 Payments (NYSE:FOUR) Price Target to $135.00

Shift4 Payments (NYSE:FOUR - Free Report) had its price target reduced by Oppenheimer from $142.00 to $135.00 in a report published on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts also recently commented on FOUR. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. DA Davidson raised their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Susquehanna boosted their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a research report on Wednesday, November 13th. Benchmark cut Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target on the stock. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.19.

Shift4 Payments Trading Down 4.0 %

Shift4 Payments stock traded down $3.94 during mid-day trading on Thursday, hitting $94.95. 3,891,714 shares of the company's stock were exchanged, compared to its average volume of 1,733,772. The company's 50 day simple moving average is $110.73 and its 200-day simple moving average is $97.66. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $8.55 billion, a P/E ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. On average, equities analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was 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 of the company's stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now directly owns 210,045 shares of the company's stock, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 over the last quarter. 30.57% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

A number of hedge funds have recently modified their holdings of FOUR. Heck Capital Advisors LLC bought a new position in Shift4 Payments in the 4th quarter valued at about $26,000. Rakuten Securities Inc. grew its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments during the fourth quarter worth approximately $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments during the 4th quarter worth approximately $29,000. Finally, Waldron Private Wealth LLC bought a new stake in Shift4 Payments in the 3rd quarter valued at $25,000. 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.