The Goldman Sachs Group Cuts Shift4 Payments (NYSE:FOUR) Price Target to $83.00

Shift4 Payments (NYSE:FOUR) had its target price trimmed by The Goldman Sachs Group from $95.00 to $83.00 in a research note published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on FOUR. Wells Fargo & Company upgraded shares of Shift4 Payments to a “hold” rating in a research report on Wednesday, October 22nd. DA Davidson cut their target price on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Piper Sandler decreased their target price on Shift4 Payments from $113.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Truist Financial set a $80.00 price target on Shift4 Payments in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a report on Thursday, July 17th. They issued a “buy” rating and a $120.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $102.25.

Shift4 Payments Price Performance

Shares of FOUR opened at $66.15 on Friday. Shift4 Payments has a 52 week low of $61.23 and a 52 week high of $127.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 0.69 and a beta of 1.72. The stock has a 50 day moving average of $79.06 and a 200-day moving average of $88.42.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.03). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The business’s revenue for the quarter was up 61.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, analysts forecast that Shift4 Payments will post 3.7 EPS for the current year.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 794 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the transaction, the insider directly owned 56,324 shares of the company’s stock, valued at $5,062,964.36. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $88.59, for a total value of $221,475.00. Following the completion of the sale, the chief executive officer owned 285,588 shares in the company, 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. Insiders own 25.15% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently modified their holdings of the stock. CenterBook Partners LP lifted its holdings in Shift4 Payments by 79.2% in the third quarter. CenterBook Partners LP now owns 94,971 shares of the company’s stock worth $7,351,000 after purchasing an additional 41,985 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Shift4 Payments by 11.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,967 shares of the company’s stock worth $1,855,000 after buying an additional 2,452 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in shares of Shift4 Payments by 10.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 2,661 shares of the company’s stock worth $206,000 after buying an additional 244 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Shift4 Payments by 20.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,182 shares of the company’s stock worth $943,000 after acquiring an additional 2,095 shares during the period. Finally, Jackson Square Partners LLC bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $5,735,000. 98.87% of the stock is currently owned by 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.