Shift4 Payments (NYSE:FOUR) Price Target Lowered to $90.00 at Keefe, Bruyette & Woods

Key Points

• Shift4 Payments had its price target lowered from $100.00 to $90.00 by Keefe, Bruyette & Woods, which still gives a potential upside of 18.16% from its current price.
• Despite the downgrade, several firms including Goldman Sachs and Raymond James have maintained a "buy" rating, with price targets ranging from $104.00 to $140.00.
• The company's most recent earnings report indicated a miss in EPS expectations, showing $1.10 versus an estimated $1.20, accompanied by a revenue of $413.40 million, significantly lower than projected.

Shift4 Payments (NYSE:FOUR - Get Free Report) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $100.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target points to a potential upside of 18.16% from the stock's current price.

Several other equities research analysts also recently weighed in on FOUR. The Goldman Sachs Group reissued a "buy" rating and issued a $104.00 target price on shares of Shift4 Payments in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a "buy" rating and a $120.00 price target on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $140.00 price target (up previously from $130.00) on shares of Shift4 Payments in a research note on Friday, August 1st. BTIG Research reaffirmed a "buy" rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Finally, UBS Group lowered their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus price target of $114.68.

Shift4 Payments Stock Down 1.6%

FOUR traded down $1.24 during trading on Wednesday, hitting $76.17. 734,978 shares of the company's stock traded hands, compared to its average volume of 1,820,953. The company's 50 day simple moving average is $89.86 and its two-hundred day simple moving average is $89.68. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.99. Shift4 Payments has a 12-month low of $68.09 and a 12-month high of $127.50. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 0.78 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $413.40 million during the quarter, compared to analysts' expectations of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The company's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. Analysts predict that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Jared Isaacman acquired 104,705 shares of the firm's stock in a transaction on Monday, August 11th. The shares were bought at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the acquisition, the chairman owned 939,715 shares of the company's stock, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James J. Whalen sold 794 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the transaction, the insider owned 56,324 shares in the company, valued at $5,062,964.36. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 25.15% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SRH Advisors LLC purchased a new position in Shift4 Payments during the first quarter worth approximately $26,000. Banque Transatlantique SA purchased a new position in Shift4 Payments during the first quarter worth about $27,000. Allworth Financial LP raised its stake in Shift4 Payments by 410.9% during the second quarter. Allworth Financial LP now owns 281 shares of the company's stock worth $28,000 after purchasing an additional 226 shares during the period. Harbour Investments Inc. purchased a new position in Shift4 Payments during the first quarter worth about $32,000. Finally, Valley National Advisers Inc. raised its stake in Shift4 Payments by 41.7% during the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the period. 98.87% of the stock is owned by hedge funds and other 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.

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