Shift4 Payments (NYSE:FOUR) Price Target Cut to $100.00 by Analysts at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has lowered their price target for Shift4 Payments from $110.00 to $100.00, maintaining a "market perform" rating, indicating potential upside from the company's recent closing price.
• The stock of Shift4 Payments is currently down 15.5%, trading at $86.40, and it has faced a mixed outlook from analysts with ratings ranging from "buy" to "hold."
• In the latest earnings report, Shift4 Payments missed analysts' consensus estimates with earnings of $1.10 per share, despite a year-over-year revenue increase of 28.9% to $413.40 million.

Shift4 Payments (NYSE:FOUR - Get Free Report) had its target price cut by investment analysts at Keefe, Bruyette & Woods from $110.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 22.43% from the stock's previous close.

FOUR has been the subject of several other research reports. DA Davidson reaffirmed a "buy" rating and set a $124.00 price target on shares of Shift4 Payments in a research report on Thursday, June 5th. William Blair reissued an "outperform" rating on shares of Shift4 Payments in a research report on Wednesday, April 30th. Truist Financial raised their target price on Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Evercore ISI began coverage on Shift4 Payments in a report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target for the company. Finally, BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a research note on Tuesday. Six investment 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.40.

Shift4 Payments Stock Performance

NYSE:FOUR traded down $1.64 during mid-day trading on Wednesday, reaching $81.68. The company's stock had a trading volume of 2,382,975 shares, compared to its average volume of 2,001,087. Shift4 Payments has a 12-month low of $68.09 and a 12-month high of $127.50. The firm's fifty day moving average price is $98.15 and its two-hundred day moving average price is $94.76. The company has a current ratio of 2.53, a quick ratio of 1.36 and a debt-to-equity ratio of 2.99. The stock 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 (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. The company had revenue of $413.40 million during the quarter, compared to the consensus estimate of $967.84 million. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business's revenue was up 28.9% compared to the same quarter last year. On average, equities analysts forecast that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Activity

In other Shift4 Payments news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $94,530.00. Following the sale, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the company's stock in a transaction 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 sale, the director owned 6,592 shares of the company's stock, valued at $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,757 shares of company stock valued at $1,258,449. Corporate insiders own 25.15% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Durable Capital Partners LP boosted its position in shares of Shift4 Payments by 15.4% in the 1st quarter. Durable Capital Partners LP now owns 5,919,793 shares of the company's stock worth $483,706,000 after purchasing an additional 788,952 shares in the last quarter. Darlington Partners Capital Management LP raised its stake in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company's stock valued at $260,489,000 after buying an additional 367,500 shares during the last quarter. Jennison Associates LLC boosted its holdings in Shift4 Payments by 2.6% in the second quarter. Jennison Associates LLC now owns 1,636,924 shares of the company's stock worth $162,236,000 after acquiring an additional 41,548 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Shift4 Payments by 2.9% during the second quarter. Geode Capital Management LLC now owns 1,267,421 shares of the company's stock worth $125,635,000 after acquiring an additional 35,635 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Shift4 Payments by 13.0% during the first quarter. Ameriprise Financial Inc. now owns 1,253,401 shares of the company's stock valued at $102,420,000 after acquiring an additional 144,111 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

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.