Susquehanna Cuts Shift4 Payments (NYSE:FOUR) Price Target to $115.00

Shift4 Payments (NYSE:FOUR) had its target price lowered by Susquehanna from $125.00 to $115.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

Several other equities research analysts have also recently weighed in on FOUR. UBS Group reaffirmed a “buy” rating on shares of Shift4 Payments in a research note on Wednesday, October 22nd. Mizuho dropped their target price on shares of Shift4 Payments from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research report on Thursday, July 17th. They set a “buy” rating and a $120.00 price target for the company. Morgan Stanley cut their price objective on shares of Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. Finally, Wells Fargo & Company upgraded Shift4 Payments to a “hold” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $101.43.

Shift4 Payments Price Performance

Shares of FOUR stock traded up $4.57 during trading hours on Friday, hitting $70.72. 2,188,557 shares of the company’s stock were exchanged, compared to its average volume of 1,895,836. Shift4 Payments has a 12-month low of $61.23 and a 12-month high of $127.50. The company has a market capitalization of $6.25 billion, a PE ratio of 33.19, a PEG ratio of 0.69 and a beta of 1.72. The business’s 50 day simple moving average is $79.06 and its 200-day simple moving average is $88.42. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27.

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

Insider Buying and Selling at Shift4 Payments

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

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently modified their holdings of FOUR. Teacher Retirement System of Texas purchased a new position in shares of Shift4 Payments in the first quarter valued at about $726,000. Envestnet Asset Management Inc. lifted its holdings in Shift4 Payments by 18.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company’s stock worth $5,899,000 after purchasing an additional 11,307 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Shift4 Payments by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock worth $298,000 after purchasing an additional 194 shares during the period. Cerity Partners LLC grew its holdings in Shift4 Payments by 10.0% during the 1st quarter. Cerity Partners LLC now owns 5,092 shares of the company’s stock valued at $416,000 after buying an additional 463 shares in the last quarter. Finally, Bosman Wealth Management LLC raised its position in shares of Shift4 Payments by 79.9% during the first quarter. Bosman Wealth Management LLC now owns 43,798 shares of the company’s stock valued at $3,579,000 after buying an additional 19,456 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

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.