Shift4 Payments (NYSE:FOUR) Sets New 12-Month Low – What’s Next?

Shift4 Payments, Inc. (NYSE:FOUR) reached a new 52-week low during trading on Thursday . The stock traded as low as $46.26 and last traded at $48.6750, with a volume of 1380282 shares trading hands. The stock had previously closed at $57.37.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FOUR. Keefe, Bruyette & Woods reduced their price objective on shares of Shift4 Payments from $84.00 to $72.00 and set a “market perform” rating on the stock in a report on Friday, January 2nd. The Goldman Sachs Group dropped their price objective on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Wells Fargo & Company decreased their price target on Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. DA Davidson set a $104.00 price objective on Shift4 Payments in a report on Thursday, December 18th. Finally, Truist Financial set a $71.00 price target on shares of Shift4 Payments in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $90.26.

Shift4 Payments Stock Down 13.7%

The firm has a market capitalization of $4.39 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 0.50 and a beta of 1.63. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.27. The firm has a 50-day moving average of $61.83 and a two-hundred day moving average of $72.18.

Insiders Place Their Bets

In related news, Director Nancy Disman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $69.50, for a total transaction of $347,500.00. Following the sale, the director directly owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. This represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Taylor Lauber sold 12,000 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $69.00, for a total value of $828,000.00. Following the completion of the transaction, the chief executive officer owned 273,588 shares of the company’s stock, valued at approximately $18,877,572. The trade was a 4.20% 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 Investors Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in Shift4 Payments by 410.9% during the 2nd quarter. Allworth Financial LP now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Shift4 Payments by 100.0% in the first quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Shift4 Payments by 148.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $41,000 after acquiring an additional 314 shares in the last quarter. Empowered Funds LLC acquired a new position in Shift4 Payments in the 4th quarter worth about $43,000. Finally, Vestcor Inc bought a new position in Shift4 Payments during the third quarter valued at approximately $45,000. 98.87% of the stock is currently owned by institutional investors.

About Shift4 Payments

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.