Shift4 Payments (NYSE:FOUR) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of Shift4 Payments (NYSE:FOUR - Free Report) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other research firms have also recently issued reports on FOUR. Raymond James lowered their target price 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. Keefe, Bruyette & Woods reduced their price target on shares of Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Monday, March 31st. BTIG Research dropped their price objective on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. UBS Group cut their price objective on shares of Shift4 Payments from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada lowered their target price on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.32.

Shift4 Payments Trading Up 2.2%

Shares of FOUR stock traded up $2.00 on Thursday, hitting $91.09. The stock had a trading volume of 349,802 shares, compared to its average volume of 1,926,933. Shift4 Payments has a twelve month low of $57.45 and a twelve month high of $127.50. The firm has a market cap of $8.07 billion, a P/E ratio of 29.67, a PEG ratio of 1.04 and a beta of 1.80. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The company has a fifty day moving average price of $83.13 and a two-hundred day moving average price of $97.70.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $368.50 million for the quarter, compared to analyst estimates of $886.09 million. During the same period in the previous year, the company posted $0.54 earnings per share. The company's revenue for the quarter was up 39.7% on a year-over-year basis. As a group, analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,695 shares of company stock worth $1,097,380 over the last quarter. 25.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the 4th quarter valued at about $26,000. SRH Advisors LLC bought a new stake in shares of Shift4 Payments during the first quarter worth approximately $26,000. Rakuten Securities Inc. grew its position in shares of Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Shift4 Payments during the first quarter worth approximately $27,000. Finally, UMB Bank n.a. acquired a new stake in Shift4 Payments during the 4th quarter worth approximately $29,000. 98.87% of the stock is owned by institutional investors.

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.