Shift4 Payments (NYSE:FOUR) Given New $107.00 Price Target at Morgan Stanley

Shift4 Payments (NYSE:FOUR - Get Free Report) had its price objective reduced by equities researchers at Morgan Stanley from $109.00 to $107.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 11.25% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. 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 report on Monday, February 24th. Barclays dropped their target price on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Bank of America downgraded Shift4 Payments from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Piper Sandler restated an "overweight" rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Susquehanna lifted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Shift4 Payments has an average rating of "Moderate Buy" and a consensus target price of $115.05.

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Shift4 Payments Stock Down 2.6 %

Shares of FOUR stock traded down $2.57 during mid-day trading on Thursday, hitting $96.18. The stock had a trading volume of 1,797,915 shares, compared to its average volume of 1,851,421. The firm has a market capitalization of $8.67 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The firm's 50-day moving average is $110.23 and its two-hundred day moving average is $98.96.

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 for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm 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%. On average, analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the transaction, the insider now owns 222,112 shares of the company's stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently modified their holdings of the company. Wasatch Advisors LP boosted its stake in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Shift4 Payments by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after purchasing an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at approximately $39,222,000. Darlington Partners Capital Management LP raised its position in shares of Shift4 Payments by 17.2% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock worth $260,489,000 after purchasing an additional 367,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Shift4 Payments by 41.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock worth $127,689,000 after buying an additional 350,703 shares in the last quarter. Institutional investors and hedge funds 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.