Shift4 Payments (NYSE:FOUR) Price Target Cut to $80.00 by Analysts at The Goldman Sachs Group

Shift4 Payments (NYSE:FOUR - Get Free Report) had its price target lowered by equities research analysts at The Goldman Sachs Group from $91.00 to $80.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective suggests a potential upside of 29.24% from the stock's previous close.

A number of other research firms have also recently commented on FOUR. Mizuho reaffirmed a "buy" rating and set a $85.00 target price on shares of Shift4 Payments in a research note on Wednesday, March 27th. Wells Fargo & Company upped their price objective on Shift4 Payments from $60.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, February 2nd. Piper Sandler reiterated an "overweight" rating and set a $93.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 28th. Evercore ISI cut their price target on shares of Shift4 Payments from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, February 28th. Finally, UBS Group raised their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Shift4 Payments currently has an average rating of "Moderate Buy" and a consensus target price of $84.52.

Shift4 Payments Trading Down 3.3 %

NYSE:FOUR traded down $2.08 during midday trading on Monday, hitting $61.90. 1,202,260 shares of the company traded hands, compared to its average volume of 1,421,445. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. The firm's fifty day moving average is $74.16 and its 200-day moving average is $67.31. The firm has a market capitalization of $5.34 billion, a P/E ratio of 44.26, a P/E/G ratio of 1.01 and a beta of 1.57. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $92.30.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $269.30 million during the quarter, compared to the consensus estimate of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. On average, sell-side analysts predict that Shift4 Payments will post 2.86 EPS for the current year.

Insiders Place Their Bets

In related news, insider David Taylor Lauber sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the transaction, the insider now owns 243,880 shares in the company, valued at approximately $19,546,982. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently made changes to their positions in the business. FCF Advisors LLC purchased a new stake in Shift4 Payments in the fourth quarter valued at about $1,136,000. Peregrine Capital Management LLC purchased a new position in shares of Shift4 Payments in the 4th quarter valued at approximately $6,040,000. Regal Investment Advisors LLC acquired a new stake in Shift4 Payments in the 3rd quarter worth approximately $976,000. Fuller & Thaler Asset Management Inc. grew its position in Shift4 Payments by 7.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 189,867 shares of the company's stock worth $10,513,000 after purchasing an additional 13,822 shares during the last quarter. Finally, Zenyatta Capital Management LP acquired a new position in Shift4 Payments during the 4th quarter valued at approximately $3,903,000. Institutional investors and hedge funds own 98.87% of the company's stock.

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.