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

Shift4 Payments (NYSE:FOUR - Get Free Report) had its price objective cut by equities research analysts at Barclays from $117.00 to $110.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 46.80% from the stock's current price.

Other research analysts have also issued reports about the company. Morgan Stanley cut their price objective on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Stephens reiterated an "overweight" rating and issued a $125.00 price target on shares of Shift4 Payments in a report on Wednesday, February 19th. Raymond James upgraded shares of Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price objective for the company in a research note on Monday, March 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Bank of America cut shares of Shift4 Payments from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $112.95.

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Shift4 Payments Stock Up 0.2 %

Shares of FOUR traded up $0.18 during mid-day trading on Thursday, hitting $74.93. 900,944 shares of the company traded hands, compared to its average volume of 1,582,975. The company has a market capitalization of $6.68 billion, a PE ratio of 24.26, a price-to-earnings-growth 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 business has a 50 day moving average of $99.00 and a 200 day moving average of $100.05. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Equities research analysts anticipate that Shift4 Payments will post 3.7 EPS for the current year.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 over the last 90 days. Corporate insiders own 30.57% of the company's stock.

Institutional Trading of Shift4 Payments

Hedge funds have recently bought and sold shares of the business. Asset Management One Co. Ltd. boosted its holdings in shares of Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after purchasing an additional 99 shares during the last quarter. Elequin Capital LP boosted its stake in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock worth $31,000 after buying an additional 114 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after buying an additional 133 shares in the last quarter. Triumph Capital Management increased its stake in shares of 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 acquiring an additional 137 shares during the last quarter. Finally, MRP Capital Investments LLC raised its holdings in shares of Shift4 Payments by 5.9% during the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock worth $280,000 after acquiring an additional 150 shares during the period. 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.