Oppenheimer Lowers Shift4 Payments (NYSE:FOUR) Price Target to $135.00

Shift4 Payments (NYSE:FOUR) had its price target lowered by investment analysts at Oppenheimer from $142.00 to $135.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 34.83% from the company’s previous close.

A number of other brokerages have also recently weighed in on FOUR. Susquehanna increased their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods raised their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Thursday. DA Davidson lifted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $114.19.

Shift4 Payments Price Performance

FOUR stock traded down $3.58 during mid-day trading on Thursday, hitting $100.12. The company had a trading volume of 2,090,925 shares, compared to its average volume of 1,563,663. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 1.32 and a beta of 1.72. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The company has a 50-day moving average price of $110.91 and a 200 day moving average price of $97.42.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. On average, research analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 over the last 90 days. 30.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FOUR. CWM LLC grew its holdings in shares of Shift4 Payments by 95.8% during the third quarter. CWM LLC now owns 2,214 shares of the company’s stock worth $196,000 after purchasing an additional 1,083 shares during the last quarter. Creative Planning bought a new position in Shift4 Payments in the third quarter valued at about $293,000. Allspring Global Investments Holdings LLC boosted its holdings in Shift4 Payments by 245.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock valued at $14,294,000 after acquiring an additional 114,659 shares during the last quarter. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the third quarter valued at about $25,000. Finally, International Assets Investment Management LLC boosted its holdings in Shift4 Payments by 10,217.7% in the third quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock valued at $14,224,000 after acquiring an additional 158,987 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Company Profile

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.