Shift4 Payments (NYSE:FOUR) Shares Gap Down – Time to Sell?

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $44.82, but opened at $39.55. Shift4 Payments shares last traded at $37.69, with a volume of 754,939 shares.

Analysts Set New Price Targets

FOUR has been the subject of a number of research analyst reports. Mizuho reduced their target price on Shift4 Payments from $55.00 to $46.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Truist Financial lowered their price target on Shift4 Payments from $49.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. B. Riley Financial reduced their price objective on Shift4 Payments from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. The Goldman Sachs Group set a $48.00 price objective on Shift4 Payments in a report on Friday, August 7th. Finally, DA Davidson dropped their target price on shares of Shift4 Payments from $74.00 to $68.00 and set a “buy” rating for the company in a report on Monday, August 10th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.36.

Shift4 Payments Stock Performance

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.59. The firm has a fifty day moving average price of $40.37 and a 200 day moving average price of $46.17. The firm has a market cap of $3.16 billion, a PE ratio of 66.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.50.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.13. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $652.39 million. During the same quarter in the prior year, the firm posted $1.47 earnings per share. Shift4 Payments’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Shift4 Payments, Inc. will post 4.11 earnings per share for the current fiscal year.

Institutional Trading of Shift4 Payments

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Readystate Asset Management LP raised its position in shares of Shift4 Payments by 530.2% during the 2nd quarter. Readystate Asset Management LP now owns 86,082 shares of the company’s stock valued at $4,187,000 after buying an additional 72,422 shares during the period. Spyglass Capital Management LLC increased its stake in Shift4 Payments by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 1,833,803 shares of the company’s stock worth $89,196,000 after acquiring an additional 82,663 shares during the last quarter. Fifth Third Bancorp increased its stake in Shift4 Payments by 19,626.6% during the first quarter. Fifth Third Bancorp now owns 30,379 shares of the company’s stock worth $1,328,000 after acquiring an additional 30,225 shares during the last quarter. AlphaGrep UK Ltd purchased a new stake in Shift4 Payments in the second quarter valued at $548,000. Finally, Schwartz Investment Counsel Inc. raised its position in Shift4 Payments by 55.5% in the first quarter. Schwartz Investment Counsel Inc. now owns 445,691 shares of the company’s stock valued at $19,490,000 after purchasing an additional 159,000 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE: FOUR) is a payment technology company that provides integrated commerce solutions for businesses and organizations. Its platform supports payment acceptance across in-person, online and mobile channels, combining payment processing with point-of-sale, commerce management and reporting tools.

The company serves merchants and enterprises in industries including restaurants, hospitality, hotels, sports and entertainment venues, gaming, retail and e-commerce. Its offerings include payment gateways, point-of-sale systems, mobile and contactless payment capabilities, fraud prevention, chargeback management and business analytics.