Shift4 Payments (NYSE:FOUR) Given New $83.00 Price Target at The Goldman Sachs Group

Shift4 Payments (NYSE:FOUR) had its target price reduced by equities researchers at The Goldman Sachs Group from $95.00 to $83.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 28.59% from the company’s previous close.

Several other research firms also recently issued reports on FOUR. DA Davidson cut their price objective on Shift4 Payments from $124.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Susquehanna reduced their target price on Shift4 Payments from $125.00 to $115.00 and set a “positive” rating for the company in a report on Friday. BTIG Research reissued a “buy” rating on shares of Shift4 Payments in a report on Tuesday, August 5th. Truist Financial set a $80.00 price target on shares of Shift4 Payments in a report on Friday, October 24th. Finally, Weiss Ratings cut shares of Shift4 Payments from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $104.05.

Shift4 Payments Stock Performance

FOUR stock traded down $2.28 during midday trading on Friday, hitting $64.54. 2,591,692 shares of the stock traded hands, compared to its average volume of 1,887,012. The stock’s fifty day simple moving average is $79.55 and its 200-day simple moving average is $88.35. The firm has a market cap of $5.71 billion, a P/E ratio of 23.89, a PEG ratio of 0.68 and a beta of 1.71. 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 2.99, a current ratio of 2.53 and a quick ratio of 2.53.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.03). Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 61.4% compared to the same quarter last year. Shift4 Payments has set its FY 2025 guidance at EPS. On average, analysts expect that Shift4 Payments will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 794 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.89, for a total value of $71,372.66. Following the transaction, the insider owned 56,324 shares in the company, valued at approximately $5,062,964.36. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Taylor Lauber sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $88.59, for a total transaction of $221,475.00. Following the completion of the sale, the chief executive officer directly owned 285,588 shares in the company, valued at approximately $25,300,240.92. This trade represents a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 25.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D increased its position in shares of Shift4 Payments by 11.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,967 shares of the company’s stock valued at $1,855,000 after buying an additional 2,452 shares during the period. Johnson Investment Counsel Inc. boosted its position in Shift4 Payments by 10.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 2,661 shares of the company’s stock valued at $206,000 after acquiring an additional 244 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Shift4 Payments by 20.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,182 shares of the company’s stock worth $943,000 after acquiring an additional 2,095 shares during the period. Jackson Square Partners LLC bought a new position in shares of Shift4 Payments in the 3rd quarter worth approximately $5,735,000. Finally, Savant Capital LLC lifted its stake in shares of Shift4 Payments by 7.4% in the 3rd quarter. Savant Capital LLC now owns 4,658 shares of the company’s stock valued at $361,000 after purchasing an additional 320 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.