Royal Bank Of Canada Cuts Shift4 Payments (NYSE:FOUR) Price Target to $96.00

Shift4 Payments (NYSE:FOUR) had its price objective trimmed by Royal Bank Of Canada from $127.00 to $96.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Shift4 Payments from $100.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Oppenheimer dropped their price target on Shift4 Payments from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. UBS Group decreased their price objective on Shift4 Payments from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group cut their target price on Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a report on Friday. Finally, Truist Financial set a $80.00 price objective on shares of Shift4 Payments in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.43.

Shift4 Payments Price Performance

NYSE FOUR traded up $4.57 during midday trading on Friday, hitting $70.72. The company had a trading volume of 2,188,557 shares, compared to its average volume of 1,895,836. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. Shift4 Payments has a twelve month low of $61.23 and a twelve month high of $127.50. The company has a market capitalization of $6.25 billion, a PE ratio of 33.19, a P/E/G ratio of 0.69 and a beta of 1.72. The firm has a 50-day moving average price of $79.06 and a 200-day moving average price of $88.42.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Thursday, November 6th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.03). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. Shift4 Payments had a return on equity of 40.19% and a net margin of 5.02%.The firm’s revenue for the quarter was up 61.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 earnings per share. Shift4 Payments has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Shift4 Payments will post 3.7 earnings per share for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments 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 transaction of $71,372.66. Following the completion of the transaction, the insider owned 56,324 shares of the company’s stock, 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 link. Also, CEO David Taylor Lauber sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 285,588 shares of the company’s stock, valued at approximately $25,300,240.92. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 25.15% of the company’s stock.

Institutional Trading of Shift4 Payments

Hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC raised its holdings in Shift4 Payments by 2.6% in the 2nd quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock valued at $162,236,000 after acquiring an additional 41,548 shares during the last quarter. South Dakota Investment Council purchased a new stake in shares of Shift4 Payments during the 2nd quarter worth approximately $1,814,000. Bessemer Group Inc. lifted its stake in shares of Shift4 Payments by 36.6% during the second quarter. Bessemer Group Inc. now owns 368,981 shares of the company’s stock valued at $36,570,000 after buying an additional 98,919 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Shift4 Payments by 5.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,641 shares of the company’s stock valued at $298,000 after acquiring an additional 194 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in shares of Shift4 Payments by 48.8% in the 1st quarter. Rice Hall James & Associates LLC now owns 343,751 shares of the company’s stock valued at $28,088,000 after purchasing an additional 112,717 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

About Shift4 Payments

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.