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

Shift4 Payments (NYSE:FOUR) had its price objective dropped by equities research analysts at Oppenheimer from $112.00 to $98.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 46.71% from the stock’s previous close.

A number of other analysts have also commented on FOUR. Weiss Ratings restated a “hold (c)” rating on shares of Shift4 Payments in a report on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of Shift4 Payments in a research report on Thursday, December 11th. Wells Fargo & Company decreased their price target on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. DA Davidson set a $104.00 price objective on shares of Shift4 Payments in a research report on Thursday, December 18th. Finally, Mizuho decreased their target price on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $95.15.

Shift4 Payments Trading Down 0.1%

Shares of FOUR stock traded down $0.08 on Monday, reaching $66.80. The company had a trading volume of 471,974 shares, compared to its average volume of 1,839,840. The stock has a market cap of $5.92 billion, a PE ratio of 31.36, a PEG ratio of 0.57 and a beta of 1.66. The company has a 50-day moving average of $67.40 and a 200-day moving average of $81.33. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments has a 12 month low of $61.23 and a 12 month high of $127.50.

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 the consensus estimate of $1.50 by ($0.03). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. Shift4 Payments’s quarterly revenue was up 61.4% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. On average, equities analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the sale, the director directly owned 130,420 shares of the company’s stock, valued at $9,064,190. This trade represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James J. Whalen sold 1,438 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.50, for a total value of $102,817.00. Following the transaction, the insider directly owned 54,736 shares in the company, valued at $3,913,624. The trade was a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,438 shares of company stock worth $1,278,317 over the last 90 days. Company insiders own 25.15% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of hedge funds have recently modified their holdings of FOUR. Allworth Financial LP grew its stake in Shift4 Payments by 410.9% in the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 226 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the period. Hantz Financial Services Inc. grew its position in shares of Shift4 Payments by 148.1% in the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $41,000 after purchasing an additional 314 shares during the last quarter. Vestcor Inc bought a new position in shares of Shift4 Payments during the third quarter worth approximately $45,000. Finally, Johnson Financial Group Inc. lifted its holdings in Shift4 Payments by 282.2% during the 3rd quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock worth $50,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.