Susquehanna Cuts Shift4 Payments (NYSE:FOUR) Price Target to $101.00

Shift4 Payments (NYSE:FOUR) had its price target decreased by equities researchers at Susquehanna from $115.00 to $101.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 55.32% from the stock’s current price.

Several other research analysts have also recently weighed in on FOUR. Royal Bank Of Canada dropped their price target on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Truist Financial lowered their target price 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. Wells Fargo & Company cut their price target on Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shift4 Payments in a research note on Monday, December 29th. Finally, UBS Group reduced their target price on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, November 7th. One 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, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $95.85.

Shift4 Payments Trading Down 1.3%

Shift4 Payments stock opened at $65.03 on Thursday. The business has a 50-day simple moving average of $67.45 and a two-hundred day simple moving average of $81.85. The company has a market cap of $5.76 billion, a P/E ratio of 30.53, a P/E/G ratio of 0.56 and a beta of 1.66. Shift4 Payments has a 52-week low of $61.23 and a 52-week high of $127.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.03). The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.Shift4 Payments’s revenue for the quarter was up 61.4% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. Analysts predict that Shift4 Payments will post 3.7 EPS for the current year.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,438 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the completion of the transaction, the insider directly owned 54,736 shares in the company, valued at $3,913,624. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $347,500.00. Following the sale, the director owned 130,420 shares in the company, valued at approximately $9,064,190. The trade was a 3.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 18,438 shares of company stock valued at $1,278,317. Corporate insiders own 25.15% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FOUR. Allworth Financial LP grew its holdings in Shift4 Payments by 410.9% during the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 226 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Shift4 Payments by 148.1% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $41,000 after purchasing an additional 314 shares in the last quarter. Vestcor Inc bought a new stake in Shift4 Payments in the third quarter worth $45,000. Finally, Johnson Financial Group Inc. raised its stake in Shift4 Payments by 282.2% during the third quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after purchasing an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Company Profile

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.