Shift4 Payments (NYSE:FOUR) Given New $77.00 Price Target at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price objective dropped by Wells Fargo & Company from $82.00 to $77.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 16.40% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Truist Financial set a $80.00 price target on Shift4 Payments in a report on Friday, October 24th. Piper Sandler reduced their price objective on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. The Goldman Sachs Group dropped their target price on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a “buy” rating and a $120.00 price target for the company. Finally, BTIG Research reiterated a “buy” rating on shares of Shift4 Payments in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.25.

Shift4 Payments Stock Down 1.0%

NYSE FOUR traded down $0.67 during mid-day trading on Friday, reaching $66.15. The stock had a trading volume of 3,653,617 shares, compared to its average volume of 1,891,446. The stock has a market cap of $5.85 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71. Shift4 Payments has a 1 year low of $61.23 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 2.53. The company has a fifty day moving average price of $79.55 and a 200 day moving average price of $88.35.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The company’s revenue for the quarter was up 61.4% compared to the same quarter last year. Shift4 Payments has set its FY 2025 guidance at EPS. On average, research analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Jared Isaacman purchased 104,705 shares of the company’s stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the transaction, the chairman directly owned 939,715 shares in the company, valued at $78,569,571.15. This trade represents a 12.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total transaction of $71,372.66. Following the sale, the insider owned 56,324 shares in the company, valued at $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 25.15% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several large investors have recently made changes to their positions in the business. SRH Advisors LLC bought a new position in shares of Shift4 Payments in the first quarter worth about $26,000. Banque Transatlantique SA purchased a new position in Shift4 Payments in the 1st quarter worth approximately $27,000. Allworth Financial LP lifted its holdings in Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares in the last quarter. Harbour Investments Inc. bought a new position in Shift4 Payments in the 1st quarter worth approximately $32,000. Finally, Advisors Asset Management Inc. grew its holdings in Shift4 Payments by 100.0% during the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

About Shift4 Payments

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.