Keefe, Bruyette & Woods Cuts Shift4 Payments (NYSE:FOUR) Price Target to $75.00

Shift4 Payments (NYSE:FOUR) had its price target decreased by Keefe, Bruyette & Woods from $90.00 to $75.00 in a research note published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research analysts also recently weighed in on the company. Truist Financial set a $80.00 price target on Shift4 Payments in a research note on Friday, October 24th. UBS Group lowered their target price on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Mizuho decreased their price target on shares of Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Finally, Susquehanna lowered their price objective on shares of Shift4 Payments from $125.00 to $115.00 and set a “positive” rating on the stock in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.95.

Shift4 Payments Stock Up 2.3%

Shift4 Payments stock opened at $73.05 on Monday. The company has a market capitalization of $6.46 billion, a PE ratio of 34.30, a PEG ratio of 0.73 and a beta of 1.71. Shift4 Payments has a 12-month low of $61.23 and a 12-month high of $127.50. The firm’s fifty day moving average is $78.00 and its 200 day moving average is $88.19. 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 posted its quarterly earnings results on Thursday, November 6th. The company reported $1.47 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 61.4% compared to the same quarter last year. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, insider James J. Whalen sold 794 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider owned 56,324 shares in the company, valued at $5,062,964.36. This represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the sale, the chief executive officer owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. This represents a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 25.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds have recently modified their holdings of the company. Wasatch Advisors LP grew its holdings in shares of Shift4 Payments by 16.4% in the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock valued at $628,215,000 after acquiring an additional 890,990 shares in the last quarter. Durable Capital Partners LP boosted its position in Shift4 Payments by 15.4% in the first quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company’s stock worth $483,706,000 after purchasing an additional 788,952 shares during the last quarter. Jennison Associates LLC grew its stake in Shift4 Payments by 25.6% in the 3rd quarter. Jennison Associates LLC now owns 2,056,056 shares of the company’s stock valued at $159,139,000 after purchasing an additional 419,132 shares during the period. Rice Hall James & Associates LLC grew its stake in Shift4 Payments by 71.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 584,231 shares of the company’s stock valued at $45,219,000 after purchasing an additional 243,161 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of Shift4 Payments by 64.7% during the 1st quarter. Baird Financial Group Inc. now owns 580,814 shares of the company’s stock valued at $47,458,000 after purchasing an additional 228,079 shares during the last quarter. Institutional investors 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.