Benchmark Lowers Shift4 Payments (NYSE:FOUR) Price Target to $100.00

Shift4 Payments (NYSE:FOUR) had its target price dropped by equities research analysts at Benchmark from $111.00 to $100.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 40.25% from the stock’s previous close.

FOUR has been the subject of several other reports. Susquehanna dropped their price target on Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Raymond James Financial reissued a “strong-buy” rating and set a $90.00 target price on shares of Shift4 Payments in a research report on Thursday, November 6th. Royal Bank Of Canada cut their price target on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Weiss Ratings downgraded shares of Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Oppenheimer cut their target price on shares of Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.43.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $71.30 on Monday. 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 $6.31 billion, a P/E ratio of 33.48, a P/E/G ratio of 0.74 and a beta of 1.71. Shift4 Payments has a fifty-two week low of $61.23 and a fifty-two week high of $127.50. The firm’s 50 day moving average is $78.31 and its two-hundred day moving average is $88.29.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s quarterly revenue was up 61.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. Analysts expect that Shift4 Payments will post 3.7 EPS for the current year.

Insiders Place Their Bets

In related news, CEO David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 794 shares of Shift4 Payments stock in a transaction on Friday, August 15th. The stock was sold at an average price of $89.89, for a total transaction of $71,372.66. Following the sale, 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 SEC filing for this sale provides additional information. 25.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Durable Capital Partners LP increased its holdings in Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company’s stock worth $660,612,000 after purchasing an additional 745,650 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Shift4 Payments by 16.4% during the second quarter. Wasatch Advisors LP now owns 6,338,567 shares of the company’s stock worth $628,215,000 after buying an additional 890,990 shares in the last quarter. Darlington Partners Capital Management LP increased its stake in shares of Shift4 Payments by 4.2% in the second quarter. Darlington Partners Capital Management LP now owns 4,966,405 shares of the company’s stock worth $492,220,000 after buying an additional 200,000 shares during the last quarter. Jennison Associates LLC boosted its stake in Shift4 Payments by 25.6% during the 3rd quarter. Jennison Associates LLC now owns 2,056,056 shares of the company’s stock valued at $159,139,000 after acquiring an additional 419,132 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Shift4 Payments by 16.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,505,933 shares of the company’s stock worth $149,253,000 after acquiring an additional 214,627 shares in the last quarter. 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.