UBS Group Has Lowered Expectations for Shift4 Payments (NYSE:FOUR) Stock Price

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 price objective decreased by analysts at UBS Group from $125.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price target would suggest a potential upside of 40.79% from the company's current price.

A number of other research firms have also recently issued reports on FOUR. Wall Street Zen cut Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Benchmark raised Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. DA Davidson reissued a "buy" rating and issued a $124.00 target price on shares of Shift4 Payments in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Thursday, July 17th. They issued a "buy" rating and a $120.00 target price for the company. Finally, Susquehanna boosted their target price on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $114.40.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $1.64 during trading on Wednesday, reaching $81.68. The company had a trading volume of 2,382,975 shares, compared to its average volume of 2,071,702. The company has a fifty day moving average of $98.15 and a two-hundred day moving average of $94.76. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $7.24 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.81. Shift4 Payments has a 12 month low of $68.09 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.10 earnings per share (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 firm had revenue of $413.40 million during the quarter, compared to analysts' expectations of $967.84 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. Shift4 Payments's revenue for the quarter was up 28.9% compared to the same quarter last year. Equities research analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $90.33, for a total value of $903,300.00. Following the completion of the transaction, the chief financial officer owned 167,622 shares of the company's stock, valued at approximately $15,141,295.26. This represents a 5.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 directly owned 7,474 shares of the company's stock, valued at $706,517.22. This represents a 11.80% decrease in their position. The disclosure for this sale can be found here. In 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 Trading of Shift4 Payments

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Allworth Financial LP boosted its stake in Shift4 Payments by 410.9% during the 2nd quarter. Allworth Financial LP now owns 281 shares of the company's stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. Elequin Capital LP boosted its stake in Shift4 Payments by 62.3% during the 4th 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 purchased a new stake in Shift4 Payments during the 1st quarter valued at $26,000. Finally, Morse Asset Management Inc purchased a new stake in Shift4 Payments during the 4th quarter valued at $36,000. Hedge funds and other institutional investors 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.