Shift4 Payments (NYSE:FOUR) Price Target Cut to $115.00 by Analysts at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective decreased by Wells Fargo & Company from $135.00 to $115.00 in a research note released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Stephens restated an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Bank of America cut 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. The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Morgan Stanley reduced their target price 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. Finally, Susquehanna raised their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.00.

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Shift4 Payments Trading Up 0.8 %

Shift4 Payments stock traded up $0.69 during mid-day trading on Wednesday, hitting $89.87. The stock had a trading volume of 1,993,243 shares, compared to its average volume of 1,850,417. The stock has a 50-day simple moving average of $108.96 and a two-hundred day simple moving average of $99.24. The stock has a market capitalization of $8.01 billion, a PE ratio of 29.27, a P/E/G ratio of 1.04 and a beta of 1.76. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

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

Insider Activity at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred 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 sale, the insider now owns 222,112 shares of the company's stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Alpha Wealth Funds LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $311,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $16,195,000. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $26,000. Armis Advisers LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $316,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Shift4 Payments by 2.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company's stock worth $8,412,000 after purchasing an additional 1,736 shares during 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.