Morgan Stanley Lowers Shift4 Payments (NYSE:FOUR) Price Target to $107.00

Shift4 Payments (NYSE:FOUR) had its price target dropped by investment analysts at Morgan Stanley from $109.00 to $107.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 8.11% from the company’s previous close.

A number of other brokerages have also weighed in on FOUR. Royal Bank of Canada raised their price objective on Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. DA Davidson cut their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Oppenheimer decreased their price objective on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on shares of Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.05.

Shift4 Payments Stock Up 1.5 %

NYSE FOUR opened at $98.97 on Thursday. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a market cap of $8.92 billion, a PE ratio of 32.24, a P/E/G ratio of 1.04 and a beta of 1.72. The stock’s 50 day moving average is $110.23 and its 200 day moving average is $98.67.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Research analysts predict that Shift4 Payments will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, 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 value of $147,764.34. Following the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last 90 days. Company insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FOUR. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the fourth quarter worth approximately $26,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments during the 3rd quarter worth $27,000. Rakuten Securities Inc. increased its holdings in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the 4th quarter valued at $28,000. Finally, UMB Bank n.a. purchased a new stake in shares of Shift4 Payments in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.