The Goldman Sachs Group Lowers Shift4 Payments (NYSE:FOUR) Price Target to $80.00

Shift4 Payments (NYSE:FOUR) had its price objective trimmed by The Goldman Sachs Group from $91.00 to $80.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

FOUR has been the topic of several other reports. Royal Bank of Canada restated an outperform rating and issued a $94.00 price objective on shares of Shift4 Payments in a research report on Wednesday, April 3rd. UBS Group increased their price objective on Shift4 Payments from $75.00 to $100.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Morgan Stanley raised their price target on Shift4 Payments from $60.00 to $70.00 and gave the stock an equal weight rating in a research note on Wednesday, February 28th. Raymond James raised their price target on Shift4 Payments from $75.00 to $88.00 and gave the stock an outperform rating in a research note on Wednesday, December 20th. Finally, Piper Sandler reaffirmed an overweight rating and issued a $93.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of Moderate Buy and a consensus price target of $84.52.

Shift4 Payments Price Performance

NYSE FOUR opened at $61.90 on Monday. The company has a market cap of $5.34 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 1.01 and a beta of 1.57. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The firm’s 50-day simple moving average is $73.92 and its two-hundred day simple moving average is $67.36.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The firm had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $278.85 million. Research analysts predict that Shift4 Payments will post 2.86 earnings per share for the current year.

Insider Activity

In other news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the transaction, the insider now directly owns 243,880 shares in the company, valued at $19,546,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 32.14% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently bought and sold shares of the business. Durable Capital Partners LP increased its holdings in Shift4 Payments by 7.1% in the 4th quarter. Durable Capital Partners LP now owns 4,576,010 shares of the company’s stock worth $255,936,000 after buying an additional 301,452 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Shift4 Payments by 6.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,171,922 shares of the company’s stock worth $177,406,000 after buying an additional 179,965 shares in the last quarter. Jennison Associates LLC increased its holdings in Shift4 Payments by 25.7% in the 4th quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock worth $218,936,000 after buying an additional 601,749 shares in the last quarter. Wasatch Advisors LP increased its holdings in Shift4 Payments by 31.6% in the 4th quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock worth $191,065,000 after buying an additional 616,452 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Shift4 Payments by 2.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,083,024 shares of the company’s stock valued at $154,852,000 after purchasing an additional 57,466 shares during the period. 98.87% of the stock is currently owned by institutional investors.

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.