Raymond James Issues Pessimistic Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR - Get Free Report) had its price objective reduced by investment analysts at Raymond James from $140.00 to $130.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "strong-buy" rating on the stock. Raymond James' price target indicates a potential upside of 56.31% from the company's previous close.

FOUR has been the subject of a number of other research reports. Piper Sandler restated an "overweight" rating and issued a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Oppenheimer reduced 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 report on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and issued a $125.00 price objective on shares of Shift4 Payments in a research report on Wednesday, February 19th. DA Davidson reduced their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company lowered their price target on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $111.38.

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Shift4 Payments Stock Up 13.0 %

Shares of FOUR stock traded up $9.60 on Friday, hitting $83.17. The stock had a trading volume of 2,867,243 shares, compared to its average volume of 1,595,913. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The business has a 50 day moving average of $97.25 and a 200 day moving average of $99.76. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80.

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

Insiders Place Their Bets

In related news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock worth $1,097,380 in the last three months. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its position in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock valued at $81,000 after acquiring an additional 99 shares during the last quarter. Elequin Capital LP boosted its stake in shares of Shift4 Payments by 62.3% in the 4th quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after purchasing an additional 133 shares during the last quarter. Triumph Capital Management raised its position in Shift4 Payments by 3.2% in the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock worth $452,000 after purchasing an additional 137 shares during the period. Finally, MRP Capital Investments LLC raised its position in Shift4 Payments by 5.9% in the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock worth $280,000 after purchasing an additional 150 shares during the period. Institutional investors own 98.87% of the company's stock.

About Shift4 Payments

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.