Shift4 Payments (NYSE:FOUR) Cut to Outperform at Raymond James Financial

Raymond James Financial downgraded shares of Shift4 Payments (NYSE:FOUR) from a strong-buy rating to an outperform rating in a report published on Thursday, Marketbeat Ratings reports. They currently have $67.00 price target on the stock.

FOUR has been the subject of several other research reports. BTIG Research cut their price objective on Shift4 Payments from $80.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Benchmark dropped their price target on shares of Shift4 Payments from $100.00 to $67.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Oppenheimer cut their price target on shares of Shift4 Payments from $112.00 to $98.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Wells Fargo & Company reduced their price objective on shares of Shift4 Payments from $77.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Finally, DA Davidson lowered their price objective on shares of Shift4 Payments from $104.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.89.

Shift4 Payments Price Performance

NYSE FOUR opened at $44.57 on Thursday. Shift4 Payments has a 12 month low of $40.60 and a 12 month high of $108.50. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $3.62 billion, a PE ratio of 42.44, a P/E/G ratio of 0.45 and a beta of 1.65. The company’s 50 day simple moving average is $53.58 and its 200 day simple moving average is $65.57.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, February 26th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.56 by $0.04. Shift4 Payments had a return on equity of 39.27% and a net margin of 2.84%.The firm had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $1.35 earnings per share. The firm’s quarterly revenue was up 50.6% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.500-5.700 EPS. As a group, equities research analysts forecast that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other news, major shareholder Jared Isaacman acquired 43,827 shares of Shift4 Payments stock in a transaction on Tuesday, March 10th. The stock was bought at an average cost of $45.75 per share, with a total value of $2,005,085.25. Following the completion of the purchase, the insider owned 1,410,727 shares of the company’s stock, valued at $64,540,760.25. This represents a 3.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders bought 385,757 shares of company stock worth $17,666,153. 25.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of Shift4 Payments by 29.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 562 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the period. GAMMA Investing LLC raised its stake in Shift4 Payments by 25.9% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after buying an additional 177 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Shift4 Payments by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 47,160 shares of the company’s stock worth $4,674,000 after acquiring an additional 190 shares in the last quarter. Marex Group plc grew its stake in Shift4 Payments by 6.0% in the fourth quarter. Marex Group plc now owns 3,487 shares of the company’s stock valued at $220,000 after acquiring an additional 196 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Shift4 Payments by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 15,900 shares of the company’s stock valued at $1,576,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.