Shift4 Payments (NYSE:FOUR) Given New $124.00 Price Target at DA Davidson

Shift4 Payments (NYSE:FOUR) had its price objective reduced by equities researchers at DA Davidson from $140.00 to $124.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 32.07% from the stock’s previous close.

Other analysts have also issued reports about the stock. Barclays cut their target price on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Shift4 Payments from $116.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley lifted their price target on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $113.95.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $1.10 during midday trading on Monday, hitting $93.89. The company had a trading volume of 507,816 shares, compared to its average volume of 1,695,132. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The business’s 50-day simple moving average is $110.73 and its 200-day simple moving average is $98.15.

Shift4 Payments (NYSE:FOUR) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. On average, research analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 in the last ninety days. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments during the 4th quarter valued at approximately $26,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments in the third quarter valued at about $27,000. Rakuten Securities Inc. raised its stake in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after buying an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Shift4 Payments during the 4th quarter worth approximately $28,000. Finally, UMB Bank n.a. acquired a new position in shares of Shift4 Payments in the 4th quarter worth approximately $29,000. Hedge funds and other 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.