Shift4 Payments (NYSE:FOUR) Price Target Lowered to $98.00 at Oppenheimer

Shift4 Payments (NYSE:FOUR) had its price target reduced by Oppenheimer from $112.00 to $98.00 in a research report released on Monday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

FOUR has been the topic of a number of other research reports. The Goldman Sachs Group decreased their price target on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Truist Financial reduced their target price on Shift4 Payments from $80.00 to $74.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Keefe, Bruyette & Woods lowered their price target on Shift4 Payments from $84.00 to $72.00 and set a “market perform” rating on the stock in a research report on Friday, January 2nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $90.00 price objective on shares of Shift4 Payments in a report on Thursday, November 6th. Finally, Mizuho reduced their price objective on Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus target price of $95.15.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $65.61 on Monday. The stock’s 50-day simple moving average is $67.35 and its two-hundred day simple moving average is $81.11. Shift4 Payments has a twelve month low of $61.23 and a twelve month high of $127.50. The firm has a market capitalization of $5.81 billion, a P/E ratio of 30.80, a P/E/G ratio of 0.57 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27.

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). The business 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 firm’s revenue for the quarter was up 61.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS. As a group, equities analysts anticipate that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, CEO David Taylor Lauber sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the sale, the chief executive officer owned 273,588 shares of the company’s stock, valued at approximately $18,877,572. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nancy Disman sold 5,000 shares of the firm’s 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 owned 130,420 shares in the company, valued at approximately $9,064,190. The trade was a 3.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 18,438 shares of company stock valued at $1,278,317. Insiders own 25.15% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Curated Wealth Partners LLC grew its holdings in Shift4 Payments by 28.7% in the 4th quarter. Curated Wealth Partners LLC now owns 3,380 shares of the company’s stock worth $213,000 after acquiring an additional 754 shares during the last quarter. E. Ohman J or Asset Management AB raised its stake in shares of Shift4 Payments by 14.1% during the fourth quarter. E. Ohman J or Asset Management AB now owns 40,036 shares of the company’s stock valued at $2,521,000 after acquiring an additional 4,939 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Shift4 Payments by 29.7% during the fourth quarter. Fulton Bank N.A. now owns 4,045 shares of the company’s stock worth $255,000 after purchasing an additional 927 shares during the period. GAMMA Investing LLC grew its stake in shares of Shift4 Payments by 25.9% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 177 shares during the last quarter. Finally, Triumph Capital Management increased its holdings in Shift4 Payments by 19.0% during the 3rd quarter. Triumph Capital Management now owns 5,876 shares of the company’s stock valued at $455,000 after purchasing an additional 939 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Company Profile

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.