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 - Get Free Report) had its price target dropped by research analysts at Piper Sandler from $113.00 to $107.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price target would suggest a potential upside of 23.84% from the stock's current price.

FOUR has been the topic of several other research reports. UBS Group decreased their price target on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. B. Riley reissued a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Wall Street Zen cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reduced their price objective on shares of Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Truist Financial boosted their target price on Shift4 Payments from $97.00 to $109.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.40.

Shift4 Payments Stock Down 15.5%

Shares of NYSE FOUR opened at $86.40 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.12. Shift4 Payments has a 12-month low of $61.09 and a 12-month high of $127.50. The firm's 50-day moving average price is $98.77 and its 200-day moving average price is $95.45. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 29.19 and a beta of 1.81.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $413.40 million for the quarter, compared to the consensus estimate of $967.84 million. Shift4 Payments had a return on equity of 32.97% and a net margin of 6.50%. The company's revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 earnings per share. On average, equities research analysts anticipate that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In related news, 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 owned 7,474 shares of the company's stock, valued at $706,517.22. This represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Karen Roter Davis sold 2,757 shares of the company's stock in a transaction that occurred on 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 sale, the director owned 6,592 shares in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,757 shares of company stock valued at $1,258,449 in the last 90 days. Insiders own 25.15% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Hunter Associates Investment Management LLC raised its stake in shares of Shift4 Payments by 7.4% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 89,097 shares of the company's stock worth $8,829,000 after buying an additional 6,105 shares during the period. Bank of Montreal Can increased its holdings in Shift4 Payments by 8.1% in the 2nd quarter. Bank of Montreal Can now owns 315,026 shares of the company's stock worth $31,222,000 after acquiring an additional 23,644 shares in the last quarter. Intellectus Partners LLC raised its position in Shift4 Payments by 17.0% during the second quarter. Intellectus Partners LLC now owns 18,625 shares of the company's stock worth $1,846,000 after acquiring an additional 2,700 shares during the period. South Dakota Investment Council purchased a new position in Shift4 Payments during the second quarter valued at $1,814,000. Finally, Nicholas Company Inc. grew its position in shares of Shift4 Payments by 0.8% in the second quarter. Nicholas Company Inc. now owns 180,500 shares of the company's stock valued at $17,889,000 after purchasing an additional 1,416 shares during the period. 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.

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