Shift4 Payments (NYSE:FOUR) Price Target Lowered to $115.00 at UBS Group

Key Points

• UBS Group has lowered Shift4 Payments' price target from $125.00 to $115.00 while maintaining a "buy" rating on the stock, indicating a potential upside of 36.58%.
• The stock price has experienced a decline of 2.6%, trading at $84.20 during midday trading.
• Shift4 Payments recently reported earnings of $1.10 per share, missing analysts' expectations of $1.20 and highlighting a significant year-over-year revenue growth of 28.9%.

Shift4 Payments (NYSE:FOUR - Get Free Report) had its target price decreased by UBS Group from $125.00 to $115.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 36.58% from the company's current price.

FOUR has been the topic of several other research reports. Susquehanna boosted their target price on shares of Shift4 Payments from $100.00 to $125.00 and gave the stock a "positive" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $104.00 price target on shares of Shift4 Payments in a report on Wednesday. Royal Bank Of Canada decreased their price objective on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Piper Sandler dropped their target price on Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Shift4 Payments from $100.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.15.

Shift4 Payments Trading Down 2.6%

NYSE:FOUR traded down $2.23 during midday trading on Wednesday, hitting $84.20. 1,607,192 shares of the company traded hands, compared to its average volume of 1,801,213. 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 $63.41 and a 12-month high of $127.50. The firm has a market capitalization of $7.46 billion, a P/E ratio of 28.44 and a beta of 1.81. The firm's fifty day moving average is $98.77 and its 200-day moving average is $95.45.

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

Insider Buying and Selling

In other Shift4 Payments news, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the transaction, the director directly owned 6,592 shares in the company, valued at $623,141.76. This trade represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the fourth quarter worth approximately $26,000. Elequin Capital LP raised its holdings in shares of 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 buying an additional 114 shares during the last quarter. SRH Advisors LLC bought a new position in Shift4 Payments in the first quarter valued at about $26,000. Morse Asset Management Inc acquired a new stake in Shift4 Payments during the 4th quarter worth $36,000. Finally, Banque Transatlantique SA acquired a new position in shares of Shift4 Payments during the 1st quarter worth about $27,000. 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.

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