Shift4 Payments (NYSE:FOUR) Downgraded by Raymond James Financial to “Outperform”

Raymond James Financial downgraded shares of Shift4 Payments (NYSE:FOUR) from a strong-buy rating to an outperform rating in a report published on Thursday, MarketBeat Ratings reports. Raymond James Financial currently has $67.00 price target on the stock.

FOUR has been the subject of several other research reports. The Goldman Sachs Group decreased their price target on Shift4 Payments from $81.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Shift4 Payments from $72.00 to $60.00 and set a “market perform” rating on the stock in a research note on Friday, February 27th. BTIG Research reduced their price objective on shares of Shift4 Payments from $80.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Susquehanna decreased their target price on shares of Shift4 Payments from $115.00 to $101.00 and set a “positive” rating for the company in a research report on Thursday, January 8th. Finally, Truist Financial set a $71.00 target price on shares of Shift4 Payments in a research note on Tuesday, January 20th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.89.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $48.41 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.66. The stock has a 50 day simple moving average of $53.98 and a 200-day simple moving average of $66.02. The company has a market cap of $3.93 billion, a PE ratio of 46.10, a P/E/G ratio of 0.45 and a beta of 1.65. Shift4 Payments has a 12-month low of $40.60 and a 12-month high of $108.50.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. Shift4 Payments had a return on equity of 39.27% and a net margin of 2.84%.The business had revenue of $610.00 million during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 50.6% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. On average, equities research analysts forecast that Shift4 Payments will post 3.7 EPS for the current year.

Insider Activity at Shift4 Payments

In other news, major shareholder Jared Isaacman acquired 43,827 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $45.75 per share, with a total value of $2,005,085.25. Following the purchase, the insider owned 1,410,727 shares of the company’s stock, valued at approximately $64,540,760.25. This represents a 3.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders acquired 385,757 shares of company stock valued at $17,666,153. 25.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the last quarter. Creative Planning grew its stake in shares of Shift4 Payments by 20.6% in the 2nd quarter. Creative Planning now owns 4,681 shares of the company’s stock worth $464,000 after purchasing an additional 799 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Shift4 Payments by 18.8% in the 2nd quarter. Cetera Investment Advisers now owns 5,443 shares of the company’s stock worth $539,000 after purchasing an additional 860 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Shift4 Payments by 1.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 15,900 shares of the company’s stock worth $1,576,000 after purchasing an additional 200 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Shift4 Payments by 29.6% during the second quarter. Prudential Financial Inc. now owns 5,410 shares of the company’s stock valued at $529,000 after purchasing an additional 1,235 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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.