Shift4 Payments (NYSE:FOUR) Price Target Lowered to $115.00 at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its target price lowered by Wells Fargo & Company from $135.00 to $115.00 in a report issued on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities analysts have also issued reports on FOUR. Oppenheimer decreased their price target on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Susquehanna raised their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Piper Sandler reissued an “overweight” rating and set a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $89.87 on Wednesday. The stock has a fifty day moving average price of $109.25 and a two-hundred day moving average price of $99.04. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The firm has a market cap of $8.01 billion, a P/E ratio of 29.27, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $127.50.

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

Insider Buying and Selling

In related news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.57% of the stock is owned by corporate insiders.

Institutional Trading of Shift4 Payments

Several hedge funds and other institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock valued at $81,000 after buying an additional 99 shares in the last quarter. Elequin Capital LP raised its holdings in Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after buying an additional 133 shares in the last quarter. Triumph Capital Management raised its holdings in Shift4 Payments by 3.2% during the fourth quarter. Triumph Capital Management now owns 4,360 shares of the company’s stock valued at $452,000 after buying an additional 137 shares in the last quarter. Finally, MRP Capital Investments LLC raised its holdings in Shift4 Payments by 5.9% during the fourth quarter. MRP Capital Investments LLC now owns 2,700 shares of the company’s stock valued at $280,000 after buying an additional 150 shares in the last quarter. 98.87% of the stock is currently 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.