DA Davidson Issues Pessimistic Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price target reduced by investment analysts at DA Davidson from $140.00 to $124.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 28.80% from the company’s previous close.

A number of other equities analysts have also recently commented on FOUR. B. Riley lifted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Monday, February 3rd. They set a “hold” rating and a $120.00 price target for the company. Susquehanna lifted their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Barclays dropped their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.95.

Shift4 Payments Stock Performance

Shares of NYSE:FOUR opened at $96.27 on Monday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $127.50. The stock has a market capitalization of $8.67 billion, a P/E ratio of 31.36, a PEG ratio of 1.04 and a beta of 1.72. The firm has a fifty day simple moving average of $110.45 and a two-hundred day simple moving average of $98.51. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The business had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $1 billion. On average, analysts expect that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its stake in shares of Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after acquiring an additional 7,905 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Shift4 Payments by 86.5% during the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after acquiring an additional 7,349 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Shift4 Payments during the 4th quarter worth approximately $812,000. Institutional investors own 98.87% of the company’s stock.

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.