Shift4 Payments (NYSE:FOUR) Price Target Cut to $107.00 by Analysts at Piper Sandler

Key Points

• Shift4 Payments' price target has been lowered by Piper Sandler from $113.00 to $107.00, with a current "overweight" rating suggesting a potential upside of 23.84%.
• The company's stock has decreased by 15.5% and currently trades at around $86.40, significantly below its 12-month high of $127.50.
• Insider trading activity indicates a decrease in ownership as directors sold shares, with total insider sales amounting to over $1.25 million in the past 90 days.

Shift4 Payments (NYSE:FOUR - Free Report) had its target price reduced by Piper Sandler from $113.00 to $107.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Shift4 Payments from $110.00 to $100.00 and set a "market perform" rating on the stock in a report on Wednesday. UBS Group decreased their price target on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company increased their target price on Shift4 Payments from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Susquehanna raised their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Finally, BTIG Research reiterated a "buy" rating on shares of Shift4 Payments in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.40.

Shift4 Payments Stock Performance

FOUR stock traded down $1.64 during midday trading on Wednesday, hitting $81.68. 2,382,975 shares of the stock traded hands, compared to its average volume of 2,001,087. The stock's fifty day simple moving average is $98.15 and its 200-day simple moving average is $94.76. The firm has a market cap of $7.24 billion, a P/E ratio of 30.25, a PEG ratio of 0.79 and a beta of 1.81. Shift4 Payments has a 1-year low of $68.09 and a 1-year high of $127.50. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.53 and a quick ratio of 1.36.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.11% and a return on equity of 37.05%. The business had revenue of $413.40 million during the quarter, compared to analysts' expectations of $967.84 million. During the same quarter in the prior year, the firm earned $0.96 EPS. Shift4 Payments's revenue for the quarter was up 28.9% on a year-over-year basis. On average, analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Karen Roter Davis sold 2,757 shares of Shift4 Payments stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value of $260,619.21. Following the completion of the transaction, the director owned 6,592 shares in the company, valued at approximately $623,141.76. This trade represents a 29.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the sale, the director directly owned 7,474 shares in the company, valued at approximately $706,517.22. This represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,757 shares of company stock worth $1,258,449 over the last 90 days. Corporate insiders own 25.15% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter valued at about $26,000. Allworth Financial LP boosted its position in Shift4 Payments by 410.9% during the second quarter. Allworth Financial LP now owns 281 shares of the company's stock worth $28,000 after purchasing an additional 226 shares in the last quarter. Elequin Capital LP grew its holdings in Shift4 Payments by 62.3% in the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. SRH Advisors LLC acquired a new position in shares of Shift4 Payments during the 1st quarter worth $26,000. Finally, Morse Asset Management Inc acquired a new position in shares of Shift4 Payments during the 4th quarter worth $36,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.