Oppenheimer Cuts Shift4 Payments (NYSE:FOUR) Price Target to $135.00

Shift4 Payments (NYSE:FOUR) had its price target dropped by research analysts at Oppenheimer from $142.00 to $135.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 34.81% from the company’s current price.

A number of other brokerages also recently issued reports on FOUR. Keefe, Bruyette & Woods upped their price target on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, B. Riley raised their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.19.

Shift4 Payments Trading Down 3.4 %

FOUR stock traded down $3.56 during trading on Thursday, hitting $100.14. 2,090,925 shares of the company traded hands, compared to its average volume of 1,563,663. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company has a 50-day moving average of $110.91 and a 200-day moving average of $97.42. The firm has a market capitalization of $9.02 billion, a PE ratio of 32.62, a P/E/G ratio of 1.32 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. Analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,462 shares of company stock worth $1,211,364. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in Shift4 Payments by 2.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company’s stock worth $8,412,000 after purchasing an additional 1,736 shares during the last quarter. Pacific Point Advisors LLC purchased a new position in Shift4 Payments during the 4th quarter valued at about $726,000. JT Stratford LLC lifted its holdings in Shift4 Payments by 15.9% during the fourth quarter. JT Stratford LLC now owns 18,477 shares of the company’s stock valued at $1,918,000 after purchasing an additional 2,537 shares in the last quarter. Castleark Management LLC lifted its stake in Shift4 Payments by 15.2% in the fourth quarter. Castleark Management LLC now owns 78,940 shares of the company’s stock worth $8,192,000 after acquiring an additional 10,440 shares during the period. Finally, Elequin Capital LP grew its stake in shares of Shift4 Payments by 62.3% during the 4th quarter. Elequin Capital LP now owns 297 shares of the company’s stock worth $31,000 after purchasing an additional 114 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Company Profile

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.