Shift4 Payments (NYSE:FOUR) Price Target Cut to $100.00 by Analysts at UBS Group

Shift4 Payments (NYSE:FOUR) had its price objective decreased by UBS Group from $115.00 to $100.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 54.93% from the stock’s previous close.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $104.00 price target on shares of Shift4 Payments in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Thursday, July 17th. They issued a “buy” rating and a $120.00 target price on the stock. Truist Financial set a $80.00 price objective on shares of Shift4 Payments in a research report on Friday, October 24th. Keefe, Bruyette & Woods reduced their price objective on Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Finally, Susquehanna lowered their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $104.05.

Shift4 Payments Stock Performance

Shares of FOUR stock traded down $2.28 during trading on Friday, reaching $64.54. The company had a trading volume of 2,591,692 shares, compared to its average volume of 1,887,012. The firm’s 50 day simple moving average is $79.55 and its two-hundred day simple moving average is $88.35. Shift4 Payments has a one year low of $61.23 and a one 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 market capitalization of $5.71 billion, a PE ratio of 23.89, a PEG ratio of 0.68 and a beta of 1.71.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.47 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $1.04 EPS. 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. Sell-side analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity

In other news, insider James J. Whalen sold 794 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the sale, the insider owned 56,324 shares of the company’s stock, valued at $5,062,964.36. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the transaction, the chief executive officer owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. This represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 25.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Shift4 Payments in the first quarter valued at approximately $726,000. Envestnet Asset Management Inc. raised its position in Shift4 Payments by 18.6% during the first quarter. Envestnet Asset Management Inc. now owns 72,194 shares of the company’s stock valued at $5,899,000 after purchasing an additional 11,307 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Shift4 Payments by 5.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock worth $298,000 after purchasing an additional 194 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Shift4 Payments by 10.0% in the 1st quarter. Cerity Partners LLC now owns 5,092 shares of the company’s stock valued at $416,000 after purchasing an additional 463 shares in the last quarter. Finally, Bosman Wealth Management LLC increased its stake in shares of Shift4 Payments by 79.9% in the 1st quarter. Bosman Wealth Management LLC now owns 43,798 shares of the company’s stock valued at $3,579,000 after purchasing an additional 19,456 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.