Shift4 Payments (NYSE:FOUR) Price Target Lowered to $115.00 at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price objective dropped by Wells Fargo & Company from $135.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 24.02% from the stock’s previous close.

FOUR has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price objective for the company. Oppenheimer reduced their price target on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $154.00 price objective on shares of Shift4 Payments in a research note on Tuesday. B. Riley boosted their target price on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Shift4 Payments Stock Performance

Shares of FOUR traded down $0.88 during mid-day trading on Wednesday, reaching $92.73. 197,928 shares of the company’s stock traded hands, compared to its average volume of 1,811,425. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The business’s 50-day moving average price is $109.83 and its 200-day moving average price is $99.15. The stock has a market capitalization of $8.26 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Equities analysts predict that Shift4 Payments will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of FOUR. Vanguard Group Inc. boosted its holdings in shares of Shift4 Payments by 9.4% during the fourth 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 during the period. Wasatch Advisors LP lifted its position in Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the period. Darlington Partners Capital Management LP grew its holdings in shares of Shift4 Payments by 17.2% during 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, Westfield Capital Management Co. LP increased its stake in shares of Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 shares during the last quarter. Hedge funds and other 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.