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

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective decreased by UBS Group from $138.00 to $125.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Raymond James lowered their price objective on Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Friday, April 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $154.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 4th. Barclays dropped their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. BTIG Research decreased their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Wells Fargo & Company cut their target price on Shift4 Payments from $115.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Six equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $112.38.

Shift4 Payments Stock Performance

NYSE FOUR traded up $0.22 during trading hours on Wednesday, reaching $82.58. 2,877,952 shares of the company were exchanged, compared to its average volume of 1,691,521. Shift4 Payments has a 1 year low of $56.10 and a 1 year high of $127.50. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business's 50 day simple moving average is $84.08 and its 200-day simple moving average is $98.31. The stock has a market capitalization of $7.36 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. The company had revenue of $368.50 million during the quarter, compared to analyst estimates of $886.09 million. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Shift4 Payments's revenue was up 39.7% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. On average, equities research analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,695 shares of company stock valued at $1,097,380. Company insiders own 30.57% of the company's stock.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Perpetual Ltd purchased a new position in shares of Shift4 Payments in the first quarter worth about $56,863,000. Vanguard Group Inc. lifted its holdings in shares of Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after acquiring an additional 562,774 shares during the last quarter. Cat Rock Capital Management LP bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $39,222,000. Darlington Partners Capital Management LP raised its holdings 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 worth $260,489,000 after purchasing an additional 367,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company's stock valued at $127,689,000 after acquiring an additional 350,703 shares during the period. 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.