BTIG Research Cuts Shift4 Payments (NYSE:FOUR) Price Target to $70.00

Shift4 Payments (NYSE:FOUR) had its target price reduced by BTIG Research from $80.00 to $70.00 in a research note released on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on FOUR. The Goldman Sachs Group dropped their price target on Shift4 Payments from $81.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. UBS Group reduced their price objective on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, November 7th. DA Davidson decreased their price objective on Shift4 Payments from $104.00 to $82.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Oppenheimer dropped their target price on Shift4 Payments from $112.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft cut Shift4 Payments from a “buy” rating to a “hold” rating and cut their target price for the company from $100.00 to $65.00 in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $79.89.

Shift4 Payments Stock Down 2.1%

Shift4 Payments stock opened at $47.98 on Thursday. The company has a 50 day moving average of $59.42 and a 200-day moving average of $70.17. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 4.66. Shift4 Payments has a twelve month low of $43.32 and a twelve month high of $108.50. The stock has a market capitalization of $4.25 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 0.38 and a beta of 1.65.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Shift4 Payments had a net margin of 2.84% and a return on equity of 39.27%. The firm’s quarterly revenue was up 50.6% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. On average, equities research analysts anticipate that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Nancy Disman sold 5,000 shares of Shift4 Payments stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the sale, the director owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Taylor Lauber sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the sale, the chief executive officer owned 273,588 shares in the company, valued at approximately $18,877,572. This represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders purchased 341,930 shares of company stock worth $15,661,068 in the last quarter. Corporate insiders own 25.15% of the company’s stock.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mariner Investment Group LLC lifted its stake in Shift4 Payments by 177.8% in the fourth quarter. Mariner Investment Group LLC now owns 125,000 shares of the company’s stock valued at $7,871,000 after acquiring an additional 80,000 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Shift4 Payments by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 12,169 shares of the company’s stock worth $766,000 after purchasing an additional 3,299 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Shift4 Payments in the 4th quarter valued at about $1,626,000. Alberta Investment Management Corp acquired a new stake in Shift4 Payments in the 4th quarter valued at about $1,285,000. Finally, Galaxy Group Investments LLC acquired a new stake in Shift4 Payments in the 4th quarter valued at about $561,000. 98.87% of the stock is owned by institutional investors.

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.