Shift4 Payments (NYSE:FOUR - Get Free Report) had its target price dropped by analysts at Mizuho from $85.00 to $75.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Mizuho's target price would indicate a potential upside of 14.05% from the stock's previous close.
A number of other research firms have also recently commented on FOUR. UBS Group lifted their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Wells Fargo & Company cut their price target on Shift4 Payments from $100.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $94.00 price objective on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Redburn Atlantic upgraded shares of Shift4 Payments from a "sell" rating to a "neutral" rating and set a $53.00 target price for the company in a research report on Friday, April 19th. Finally, Morgan Stanley lowered their price target on shares of Shift4 Payments from $70.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.75.
Get Our Latest Stock Analysis on Shift4 Payments
Shift4 Payments Stock Up 1.0 %
Shares of NYSE:FOUR traded up $0.68 during mid-day trading on Monday, hitting $65.76. 1,696,706 shares of the company traded hands, compared to its average volume of 1,447,320. The stock has a 50-day moving average price of $67.55 and a two-hundred day moving average price of $68.47. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $92.30. The stock has a market cap of $5.67 billion, a P/E ratio of 44.13, a P/E/G ratio of 1.02 and a beta of 1.59. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02.
Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.38% and a return on equity of 27.88%. The firm had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million. On average, equities research analysts forecast that Shift4 Payments will post 2.86 earnings per share for the current year.
Insider Buying and Selling
In other news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments stock in a transaction dated 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 sale, the insider now owns 243,880 shares of the company's stock, valued at approximately $19,546,982. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.14% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Shift4 Payments
A number of hedge funds have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. purchased a new position in Shift4 Payments in the 3rd quarter worth about $35,000. J.Safra Asset Management Corp raised its holdings in shares of Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company's stock valued at $52,000 after purchasing an additional 347 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Shift4 Payments during the fourth quarter valued at approximately $90,000. Nemes Rush Group LLC purchased a new stake in Shift4 Payments in the third quarter worth approximately $79,000. Finally, Covestor Ltd grew its position in Shift4 Payments by 49,166.7% in the 3rd quarter. Covestor Ltd now owns 1,478 shares of the company's stock worth $82,000 after purchasing an additional 1,475 shares during the period. Institutional investors own 98.87% of the company's stock.
About Shift4 Payments
(
Get Free Report)
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.
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