Shift4 Payments (NYSE:FOUR) Given New $83.00 Price Target at The Goldman Sachs Group

Shift4 Payments (NYSE:FOUR) had its price target reduced by investment analysts at The Goldman Sachs Group from $95.00 to $83.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 28.59% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. DA Davidson dropped their price target on shares of Shift4 Payments from $124.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $90.00 target price on shares of Shift4 Payments in a report on Thursday. Morgan Stanley decreased their price target on Shift4 Payments from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a research note on Thursday, July 17th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Wells Fargo & Company upgraded shares of Shift4 Payments to a “hold” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.05.

Shift4 Payments Stock Performance

Shares of NYSE FOUR traded down $2.28 during midday trading on Friday, hitting $64.54. 2,591,692 shares of the company’s stock traded hands, compared to its average volume of 1,887,012. The firm has a fifty day moving average of $79.55 and a 200 day moving average of $88.35. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71. Shift4 Payments has a 1 year low of $61.23 and a 1 year high of $127.50. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.53 and a current ratio of 2.53.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.03). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The firm’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same period last year, the business earned $1.04 EPS. Shift4 Payments has set its FY 2025 guidance at EPS. On average, analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 794 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the completion of the sale, the insider directly owned 56,324 shares of the company’s stock, valued at $5,062,964.36. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jared Isaacman purchased 104,705 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was bought at an average price of $83.61 per share, for a total transaction of $8,754,385.05. Following the completion of the acquisition, the chairman directly owned 939,715 shares in the company, valued at approximately $78,569,571.15. This trade represents a 12.54% increase in their position. The SEC filing for this purchase provides additional information. 25.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its stake in shares of Shift4 Payments by 11.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,967 shares of the company’s stock worth $1,855,000 after acquiring an additional 2,452 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in Shift4 Payments by 10.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 2,661 shares of the company’s stock worth $206,000 after purchasing an additional 244 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Shift4 Payments by 20.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,182 shares of the company’s stock worth $943,000 after purchasing an additional 2,095 shares during the last quarter. Jackson Square Partners LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth approximately $5,735,000. Finally, Savant Capital LLC increased its stake in Shift4 Payments by 7.4% during the 3rd quarter. Savant Capital LLC now owns 4,658 shares of the company’s stock valued at $361,000 after purchasing an additional 320 shares in the last quarter. 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.