Shift4 Payments (NYSE:FOUR) Price Target Lowered to $100.00 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 price objective lowered by equities researchers at Keefe, Bruyette & Woods from $110.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 15.74% from the company's previous close.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada cut 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. DA Davidson reiterated a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research report on Thursday, June 5th. Evercore ISI began coverage on Shift4 Payments in a report on Wednesday, April 9th. They issued an "in-line" rating and a $80.00 target price on the stock. UBS Group reduced their target price on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, B. Riley reissued a "buy" rating on shares of Shift4 Payments in a research note on Monday, June 2nd. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.40.

Shift4 Payments Stock Down 15.5%

FOUR stock opened at $86.40 on Wednesday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 29.19 and a beta of 1.81. Shift4 Payments has a 1-year low of $61.09 and a 1-year high of $127.50. The firm has a fifty day moving average price of $98.77 and a two-hundred day moving average price of $95.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10). Shift4 Payments had a net margin of 6.50% and a return on equity of 32.97%. The business had revenue of $413.40 million for the quarter, compared to the consensus estimate of $967.84 million. During the same period in the prior year, the company earned $0.96 EPS. Shift4 Payments's quarterly revenue was up 28.9% on a year-over-year basis. Research analysts predict that Shift4 Payments will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In related news, Director Karen Roter Davis sold 2,757 shares of the business'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 of the company's stock, valued at approximately $623,141.76. The trade was a 29.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the 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 $94,530.00. Following the completion of the transaction, the director owned 7,474 shares in the company, valued at $706,517.22. This represents a 11.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,757 shares of company stock worth $1,258,449 over the last 90 days. 25.15% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

Several large investors have recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments in the 4th quarter valued at $26,000. SRH Advisors LLC acquired a new position in Shift4 Payments during the first quarter worth $26,000. Banque Transatlantique SA bought a new position in Shift4 Payments during the first quarter valued at about $27,000. Elequin Capital LP raised its holdings in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after buying an additional 114 shares in the last quarter. Finally, Harbour Investments Inc. acquired a new stake in shares of Shift4 Payments in the first quarter worth about $32,000. 98.87% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.