Oppenheimer Cuts Shift4 Payments (NYSE:FOUR) Price Target to $135.00

Shift4 Payments (NYSE:FOUR) had its price objective lowered by Oppenheimer from $142.00 to $135.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group increased their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Susquehanna increased their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods increased their price objective on Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday. DA Davidson increased their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Stephens reissued an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.19.

Shift4 Payments Stock Down 4.0 %

NYSE FOUR opened at $94.95 on Thursday. The firm has a market cap of $8.55 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. Shift4 Payments has a one year low of $55.87 and a one year high of $127.50. The stock’s 50 day simple moving average is $110.73 and its 200 day simple moving average is $97.91. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for 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%. As a group, sell-side analysts forecast that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the transaction, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in FOUR. Wasatch Advisors LP increased its holdings in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. Vanguard Group Inc. increased its holdings in Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after purchasing an additional 562,774 shares in the last quarter. Cat Rock Capital Management LP bought a new position in Shift4 Payments during the 4th quarter worth about $39,222,000. Darlington Partners Capital Management LP grew its holdings in shares of Shift4 Payments by 17.2% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after acquiring an additional 367,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Shift4 Payments by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,198,845 shares of the company’s stock valued at $127,689,000 after acquiring an additional 350,703 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

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.