Keefe, Bruyette & Woods Cuts Shift4 Payments (NYSE:FOUR) Price Target to $72.00

Shift4 Payments (NYSE:FOUR) had its price target decreased by Keefe, Bruyette & Woods from $84.00 to $72.00 in a research note published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

FOUR has been the subject of several other research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $90.00 price target on shares of Shift4 Payments in a research report on Thursday, November 6th. The Goldman Sachs Group reduced their target price on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a report on Friday, November 7th. Mizuho lowered their price target on Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Truist Financial dropped their price target on Shift4 Payments from $80.00 to $74.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Finally, Susquehanna reduced their price objective on Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $96.55.

Shift4 Payments Stock Down 0.5%

Shift4 Payments stock opened at $62.66 on Friday. The company has a market capitalization of $5.55 billion, a P/E ratio of 29.42, a PEG ratio of 0.53 and a beta of 1.66. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.38 and a current ratio of 1.38. Shift4 Payments has a fifty-two week low of $61.23 and a fifty-two week high of $127.50. The stock has a 50-day simple moving average of $67.97 and a 200-day simple moving average of $82.34.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The company’s quarterly revenue was up 61.4% compared to the same quarter last year. Equities research analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In other news, CEO David Taylor Lauber sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the sale, the chief executive officer directly owned 273,588 shares of the company’s stock, valued at $18,877,572. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy Disman sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the sale, the director owned 130,420 shares in the company, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,438 shares of company stock worth $1,278,317 over the last 90 days. Company insiders own 25.15% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management boosted its position in shares of Shift4 Payments by 19.0% during the 3rd quarter. Triumph Capital Management now owns 5,876 shares of the company’s stock worth $455,000 after purchasing an additional 939 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Shift4 Payments by 58.5% in the third quarter. IFP Advisors Inc now owns 4,547 shares of the company’s stock valued at $378,000 after purchasing an additional 1,679 shares during the period. Swiss Life Asset Management Ltd purchased a new stake in Shift4 Payments during the third quarter worth about $210,000. CIBC Bancorp USA Inc. acquired a new position in Shift4 Payments during the third quarter worth about $77,303,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Shift4 Payments by 747.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 822 shares of the company’s stock worth $64,000 after buying an additional 725 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.