Shift4 Payments (NYSE:FOUR) Sets New 52-Week Low – Time to Sell?

Shares of Shift4 Payments, Inc. (NYSE:FOUR) reached a new 52-week low during trading on Tuesday . The company traded as low as $61.12 and last traded at $61.4950, with a volume of 663825 shares traded. The stock had previously closed at $64.20.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FOUR shares. Mizuho decreased their price target on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Royal Bank Of Canada decreased their target price 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. Susquehanna dropped their price target on Shift4 Payments from $115.00 to $101.00 and set a “positive” rating for the company in a research report on Thursday, January 8th. Raymond James Financial restated a “strong-buy” rating and issued a $90.00 target price on shares of Shift4 Payments in a report on Thursday, November 6th. Finally, The Goldman Sachs Group lowered their price target on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One investment analyst has 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.25.

Shift4 Payments Stock Performance

The firm has a fifty day simple moving average of $66.49 and a 200-day simple moving average of $78.56. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. The company has a market cap of $5.45 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.66.

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). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The company’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS. On average, research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, Director Nancy Disman sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the transaction, the director directly owned 130,420 shares in the company, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Taylor Lauber sold 12,000 shares of the company’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 sale, the chief executive officer 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,438 shares of company stock worth $1,278,317. 25.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds have recently bought and sold shares of FOUR. Prasad Wealth Partners LLC raised its position in shares of Shift4 Payments by 1.9% during the 2nd quarter. Prasad Wealth Partners LLC now owns 5,677 shares of the company’s stock worth $563,000 after purchasing an additional 105 shares during the last quarter. Shaker Investments LLC OH increased its stake in Shift4 Payments by 1.9% during the second quarter. Shaker Investments LLC OH now owns 5,556 shares of the company’s stock worth $551,000 after acquiring an additional 105 shares during the last quarter. Truist Financial Corp lifted its position in Shift4 Payments by 2.8% during the second quarter. Truist Financial Corp now owns 4,560 shares of the company’s stock valued at $452,000 after buying an additional 123 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Shift4 Payments by 29.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 562 shares of the company’s stock worth $56,000 after purchasing an additional 128 shares during the period. Finally, Main Management ETF Advisors LLC boosted its position in shares of Shift4 Payments by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 8,063 shares of the company’s stock worth $799,000 after buying an additional 132 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.