Shift4 Payments (NYSE:FOUR) Price Target Cut to $100.00 by Analysts at Susquehanna

Shift4 Payments (NYSE:FOUR - Free Report) had its target price reduced by Susquehanna from $140.00 to $100.00 in a research note issued to investors on Friday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities analysts have also commented on FOUR. DA Davidson cut their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Evercore ISI began coverage on Shift4 Payments in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 price target on the stock. Barclays reduced their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Oppenheimer dropped their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods cut their target price on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.24.

Shift4 Payments Stock Down 2.1 %

Shares of NYSE FOUR traded down $1.67 on Friday, hitting $76.40. The company had a trading volume of 524,294 shares, compared to its average volume of 1,592,840. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The firm has a market capitalization of $6.81 billion, a P/E ratio of 24.89, a PEG ratio of 1.04 and a beta of 1.80. The business has a 50 day moving average of $92.41 and a two-hundred day moving average of $99.38.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released 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. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. As a group, equities research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following 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 trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares in the company, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 in the last ninety days. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Large investors have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $448,000. Stifel Financial Corp boosted its stake in Shift4 Payments by 14.3% during the 3rd quarter. Stifel Financial Corp now owns 56,894 shares of the company's stock valued at $5,041,000 after purchasing an additional 7,117 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Shift4 Payments in the 3rd quarter worth $631,000. MML Investors Services LLC acquired a new stake in shares of Shift4 Payments in the third quarter valued at $1,302,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Shift4 Payments by 246.2% during the third quarter. Public Employees Retirement System of Ohio now owns 79,321 shares of the company's stock worth $7,028,000 after acquiring an additional 56,410 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Company Profile

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.