Shift4 Payments (NYSE:FOUR) Price Target Lowered to $115.00 at Susquehanna

Shift4 Payments (NYSE:FOUR) had its price objective dropped by investment analysts at Susquehanna from $125.00 to $115.00 in a report released on Friday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price points to a potential upside of 83.50% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. Truist Financial set a $80.00 target price on shares of Shift4 Payments in a report on Friday, October 24th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $90.00 target price on shares of Shift4 Payments in a research report on Thursday. Weiss Ratings lowered Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Morgan Stanley cut their price objective on shares of Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. Finally, UBS Group reiterated a “buy” rating on shares of Shift4 Payments in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.85.

Shift4 Payments Trading Down 6.2%

Shares of NYSE:FOUR traded down $4.15 during mid-day trading on Friday, reaching $62.67. 1,144,427 shares of the company’s stock were exchanged, compared to its average volume of 1,880,118. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53. Shift4 Payments has a twelve month low of $62.25 and a twelve month high of $127.50. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 0.68 and a beta of 1.71. The business’s fifty day moving average price is $79.55 and its 200-day moving average price is $88.35.

Shift4 Payments (NYSE:FOUR) last announced its 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 company 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 37.05% and a net margin of 6.11%.The firm’s revenue for the quarter was up 61.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. On average, research analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Jared Isaacman purchased 104,705 shares of Shift4 Payments stock in a transaction dated Monday, August 11th. The stock was bought 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 owned 939,715 shares in the company, valued at $78,569,571.15. This trade represents a 12.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 56,324 shares of the company’s stock, valued at $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 25.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC increased its position in shares of Shift4 Payments by 2.6% during the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock valued at $162,236,000 after purchasing an additional 41,548 shares during the last quarter. South Dakota Investment Council purchased a new position in Shift4 Payments in the 2nd quarter worth $1,814,000. Bessemer Group Inc. lifted its stake in Shift4 Payments by 36.6% in the second quarter. Bessemer Group Inc. now owns 368,981 shares of the company’s stock worth $36,570,000 after purchasing an additional 98,919 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Shift4 Payments by 5.6% in 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. Finally, Rice Hall James & Associates LLC boosted its position in Shift4 Payments by 48.8% during the first quarter. Rice Hall James & Associates LLC now owns 343,751 shares of the company’s stock valued at $28,088,000 after buying an additional 112,717 shares during the period. Hedge funds and other institutional investors 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.