Shift4 Payments (NYSE:FOUR) Downgraded by Keefe, Bruyette & Woods to "Market Perform"

Keefe, Bruyette & Woods lowered shares of Shift4 Payments (NYSE:FOUR - Free Report) from an outperform rating to a market perform rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have $112.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on the company. DA Davidson upped their price objective on Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Oppenheimer initiated coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an "outperform" rating and a $109.00 price target on the stock. Susquehanna boosted their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a report on Wednesday, November 13th. BTIG Research lifted their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Stephens upped their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.10.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock traded down $0.81 on Monday, hitting $102.90. 2,325,014 shares of the company traded hands, compared to its average volume of 1,470,689. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $116.84. The firm's 50-day simple moving average is $98.20 and its 200 day simple moving average is $82.53. The company has a market cap of $9.27 billion, a P/E ratio of 55.59, a P/E/G ratio of 1.33 and a beta of 1.70. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, 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 completion of the transaction, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,500 shares of company stock valued at $3,226,675. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Several large investors have recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in Shift4 Payments by 50.8% in the 3rd 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 in the last quarter. Jennison Associates LLC lifted its holdings in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Shift4 Payments by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company's stock valued at $169,800,000 after buying an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company's stock worth $126,947,000 after buying an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company's stock worth $128,921,000 after buying an additional 12,804 shares during the last quarter. Hedge funds and other 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.