Susquehanna Cuts Shift4 Payments (NYSE:FOUR) Price Target to $101.00

Shift4 Payments (NYSE:FOUR) had its price objective reduced by Susquehanna from $115.00 to $101.00 in a research report report published on Thursday, Marketbeat reports. They currently have a positive rating on the stock.

Several other equities analysts have also recently weighed in on FOUR. Keefe, Bruyette & Woods lowered their price objective on shares of Shift4 Payments from $84.00 to $72.00 and set a “market perform” rating on the stock in a research note on Friday, January 2nd. Benchmark reiterated a “buy” rating on shares of Shift4 Payments in a research report on Thursday, December 11th. Mizuho dropped their price target on shares of Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Raymond James Financial restated a “strong-buy” rating and issued a $90.00 price objective on shares of Shift4 Payments in a research note on Thursday, November 6th. Finally, Loop Capital set a $80.00 target price on Shift4 Payments in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average price target of $95.85.

Shift4 Payments Price Performance

NYSE FOUR opened at $66.87 on Thursday. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 0.57 and a beta of 1.66. 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 3.27, a current ratio of 1.38 and a quick ratio of 1.38. The business’s fifty day moving average price is $67.40 and its 200-day moving average price is $81.44.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Shift4 Payments had a net margin of 5.02% and a return on equity of 40.19%. The firm’s revenue was up 61.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. On average, equities analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other Shift4 Payments news, CEO David Taylor Lauber sold 12,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the sale, the chief executive officer owned 273,588 shares in the company, valued at approximately $18,877,572. This represents a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nancy Disman sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the transaction, the director owned 130,420 shares in the company, valued at $9,064,190. The trade was a 3.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 18,438 shares of company stock worth $1,278,317. Corporate insiders own 25.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in Shift4 Payments by 410.9% during the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 226 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Shift4 Payments by 100.0% during the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Shift4 Payments by 148.1% during the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $41,000 after acquiring an additional 314 shares in the last quarter. Vestcor Inc bought a new stake in Shift4 Payments in the 3rd quarter valued at $45,000. Finally, Johnson Financial Group Inc. increased its holdings in Shift4 Payments by 282.2% in the 3rd quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after acquiring an additional 477 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.