Keefe, Bruyette & Woods Lowers Shift4 Payments (NYSE:FOUR) Price Target to $95.00

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $125.00 to $95.00 in a report published on Monday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other research firms also recently weighed in on FOUR. Morgan Stanley dropped their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. DA Davidson dropped their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Oppenheimer cut their price target on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Raymond James raised Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price target for the company in a research note on Monday, March 10th. Finally, Wells Fargo & Company cut their price objective on shares of Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and an average target price of $113.45.

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Shift4 Payments Stock Down 8.3 %

Shares of Shift4 Payments stock traded down $6.59 during midday trading on Monday, hitting $72.70. The company's stock had a trading volume of 2,371,063 shares, compared to its average volume of 1,568,912. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50. The firm has a market capitalization of $6.48 billion, a P/E ratio of 23.65, a PEG ratio of 1.04 and a beta of 1.80. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a 50-day simple moving average of $100.67 and a 200-day simple moving average of $99.97.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly 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. The business had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, sell-side analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity

In other news, CFO Nancy Disman sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FOUR. Moody National Bank Trust Division increased its holdings in Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock valued at $1,645,000 after buying an additional 7,349 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Shift4 Payments during the 4th quarter valued at about $812,000. Stifel Financial Corp increased its stake in Shift4 Payments by 14.3% in the third quarter. Stifel Financial Corp now owns 56,894 shares of the company's stock valued at $5,041,000 after acquiring an additional 7,117 shares during the period. Lebenthal Global Advisors LLC acquired a new position in Shift4 Payments in the fourth quarter worth about $328,000. Finally, Crossmark Global Holdings Inc. bought a new position in Shift4 Payments during the fourth quarter worth about $358,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.