Shift4 Payments (NYSE:FOUR) Reaches New 52-Week Low – Time to Sell?

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $61.12 and last traded at $61.4950, with a volume of 663825 shares. The stock had previously closed at $64.20.

Analysts Set New Price Targets

FOUR has been the subject of several recent research reports. UBS Group reduced their price target on shares of Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, November 7th. Truist Financial set a $71.00 price objective on shares of Shift4 Payments in a report on Tuesday, January 20th. Benchmark reissued a “buy” rating on shares of Shift4 Payments in a research note on Thursday, December 11th. Oppenheimer dropped their target price on Shift4 Payments from $112.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, Mizuho cut their price target on Shift4 Payments from $102.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $92.25.

Shift4 Payments Stock Performance

The business has a 50-day moving average price of $66.16 and a 200-day moving average price of $78.02. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 0.51 and a beta of 1.66.

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

Insider Buying and Selling

In related news, Director Nancy Disman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the sale, the director owned 130,420 shares in the company, valued at $9,064,190. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Taylor Lauber sold 12,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $69.00, for a total transaction of $828,000.00. Following the transaction, the chief executive officer directly owned 273,588 shares of the company’s stock, valued at approximately $18,877,572. This trade represents a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,438 shares of company stock valued at $1,278,317 over the last quarter. 25.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently bought and sold shares of FOUR. Allworth Financial LP raised its stake in shares of Shift4 Payments by 410.9% during the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock worth $28,000 after buying an additional 226 shares during the period. Advisors Asset Management Inc. increased its holdings in Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Hantz Financial Services Inc. raised its position in Shift4 Payments by 148.1% during the third quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $41,000 after acquiring an additional 314 shares during the period. Vestcor Inc acquired a new position in Shift4 Payments during the third quarter worth $45,000. Finally, Johnson Financial Group Inc. lifted its holdings in Shift4 Payments by 282.2% during the third quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after purchasing an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Company Profile

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.