Shift4 Payments (NYSE:FOUR) Price Target Cut to $96.00 by Analysts at Royal Bank Of Canada

Shift4 Payments (NYSE:FOUR) had its price target trimmed by Royal Bank Of Canada from $127.00 to $96.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group dropped their target price on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday. Susquehanna decreased their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a research note on Friday. Truist Financial set a $80.00 price objective on shares of Shift4 Payments in a report on Friday, October 24th. DA Davidson reduced their target price on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, UBS Group decreased their target price on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.25.

Shift4 Payments Trading Down 1.0%

NYSE FOUR traded down $0.67 during trading on Friday, reaching $66.15. 4,247,915 shares of the stock traded hands, compared to its average volume of 2,391,771. The company has a quick ratio of 2.53, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments has a fifty-two week low of $61.23 and a fifty-two week high of $127.50. The stock’s 50-day moving average price is $79.06 and its 200 day moving average price is $88.29. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $1.04 EPS. The business’s quarterly revenue was up 61.4% compared to the same quarter last year. Shift4 Payments has set its FY 2025 guidance at EPS. Analysts predict that Shift4 Payments will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total transaction of $71,372.66. Following the transaction, the insider directly owned 56,324 shares of the company’s stock, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Jared Isaacman purchased 104,705 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was acquired at an average price of $83.61 per share, with a total value of $8,754,385.05. Following the completion of the transaction, the chairman owned 939,715 shares of the company’s stock, valued at $78,569,571.15. This represents a 12.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 25.15% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently modified their holdings of FOUR. CenterBook Partners LP lifted its position in shares of Shift4 Payments by 79.2% during the 3rd quarter. CenterBook Partners LP now owns 94,971 shares of the company’s stock worth $7,351,000 after buying an additional 41,985 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Shift4 Payments by 11.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 23,967 shares of the company’s stock valued at $1,855,000 after acquiring an additional 2,452 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Shift4 Payments by 10.1% during the third quarter. Johnson Investment Counsel Inc. now owns 2,661 shares of the company’s stock worth $206,000 after acquiring an additional 244 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Shift4 Payments by 20.8% in the third quarter. Oppenheimer & Co. Inc. now owns 12,182 shares of the company’s stock worth $943,000 after acquiring an additional 2,095 shares during the last quarter. Finally, Jackson Square Partners LLC bought a new position in shares of Shift4 Payments in the third quarter worth about $5,735,000. 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.