Keefe, Bruyette & Woods Issues Pessimistic Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its target price dropped by Keefe, Bruyette & Woods from $125.00 to $95.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 13.68% from the company’s previous close.

A number of other brokerages have also recently commented on FOUR. Stephens restated an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Wells Fargo & Company reduced their price target on Shift4 Payments from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Oppenheimer dropped their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $83.57 on Monday. The stock has a market capitalization of $7.45 billion, a P/E ratio of 27.22, a PEG ratio of 1.04 and a beta of 1.76. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The business’s fifty day moving average price is $102.03 and its 200 day moving average price is $100.22. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, research analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the completion of the sale, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock valued at $1,097,380 in the last three months. 30.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of hedge funds have recently made changes to their positions in FOUR. California State Teachers Retirement System increased its position in Shift4 Payments by 3.5% in the 4th quarter. California State Teachers Retirement System now owns 55,097 shares of the company’s stock worth $5,718,000 after purchasing an additional 1,868 shares during the last quarter. Alpha Wealth Funds LLC bought a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $311,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $16,195,000. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the fourth quarter worth approximately $26,000. Finally, Armis Advisers LLC bought a new position in Shift4 Payments during the fourth quarter valued at approximately $316,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.