Shift4 Payments (NYSE:FOUR) Downgraded by Keefe, Bruyette & Woods to “Market Perform”

Shift4 Payments (NYSE:FOUR) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Monday, MarketBeat reports. They presently have a $112.00 price objective on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 13.71% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. William Blair initiated coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Stephens boosted their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Oppenheimer initiated coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Finally, Susquehanna upped their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.10.

Shift4 Payments Stock Down 4.3 %

FOUR opened at $98.50 on Monday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.33 and a beta of 1.70. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $116.84. The company’s 50-day moving average price is $98.49 and its two-hundred day moving average price is $82.81.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the 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 completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,962 shares of company stock worth $3,374,439 in the last three months. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. increased its holdings in shares of Shift4 Payments by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after buying an additional 119 shares during the last quarter. First Dallas Securities Inc. grew its holdings in shares of Shift4 Payments by 1.8% during the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after purchasing an additional 200 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after purchasing an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after purchasing an additional 210 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after purchasing an additional 241 shares during the last quarter. 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.