Shift4 Payments (NYSE:FOUR) Price Target Lowered to $80.00 at The Goldman Sachs Group

Shift4 Payments (NYSE:FOUR) had its target price decreased by The Goldman Sachs Group from $91.00 to $80.00 in a research report sent to investors on Monday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

FOUR has been the topic of a number of other research reports. Piper Sandler reaffirmed an overweight rating and set a $93.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 28th. Benchmark reiterated a buy rating and issued a $99.00 price objective on shares of Shift4 Payments in a research report on Tuesday, March 19th. Mizuho restated a buy rating and set a $85.00 target price on shares of Shift4 Payments in a research report on Wednesday, March 27th. Evercore ISI cut their price target on Shift4 Payments from $110.00 to $105.00 and set an outperform rating for the company in a research note on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods began coverage on Shift4 Payments in a research report on Tuesday, January 16th. They set an outperform rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has an average rating of Moderate Buy and an average target price of $84.52.

Shift4 Payments Price Performance

NYSE:FOUR opened at $61.92 on Monday. The firm’s fifty day moving average is $73.15 and its two-hundred day moving average is $67.33. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 0.98 and a beta of 1.57. Shift4 Payments has a one year low of $42.91 and a one year high of $92.30. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. Research analysts expect that Shift4 Payments will post 2.85 EPS for the current year.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the sale, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 32.14% 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 company. Belpointe Asset Management LLC grew its position in Shift4 Payments by 358.6% in the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 355 shares during the period. Fortis Capital Advisors LLC grew its holdings in shares of Shift4 Payments by 1,873.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock worth $34,000 after purchasing an additional 431 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Shift4 Payments during the 2nd quarter worth about $34,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth about $35,000. Finally, State of Wyoming purchased a new stake in Shift4 Payments in the 4th quarter valued at about $36,000. Institutional investors and hedge funds 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.