Shift4 Payments (NYSE:FOUR) Price Target Cut to $49.00 by Analysts at Truist Financial

Shift4 Payments (NYSE:FOUR) had its target price lowered by stock analysts at Truist Financial from $50.00 to $49.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 5.90% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Shift4 Payments from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. BTIG Research cut their price target on Shift4 Payments from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. DA Davidson decreased their price target on Shift4 Payments from $74.00 to $68.00 and set a “buy” rating for the company in a report on Monday, August 10th. Mizuho set a $55.00 price objective on Shift4 Payments in a research report on Monday, August 10th. Finally, Wells Fargo & Company upgraded Shift4 Payments from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $55.00 to $59.00 in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.05.

Shift4 Payments Stock Down 3.6%

Shares of Shift4 Payments stock opened at $46.27 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.59. Shift4 Payments has a 52-week low of $34.56 and a 52-week high of $92.47. The company has a market capitalization of $3.65 billion, a P/E ratio of 77.12, a P/E/G ratio of 0.62 and a beta of 1.40. The company has a 50 day moving average of $47.99 and a 200 day moving average of $46.75.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. Shift4 Payments had a net margin of 2.20% and a return on equity of 28.40%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $615.65 million. During the same period in the prior year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 50.9% compared to the same quarter last year. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. As a group, research analysts forecast that Shift4 Payments will post 4.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in shares of Shift4 Payments by 100.0% in the 1st quarter. Advisors Asset Management Inc. now owns 434 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Vestcor Inc purchased a new position in Shift4 Payments during the 3rd quarter worth $45,000. Johnson Financial Group Inc. increased its stake in Shift4 Payments by 282.2% in the third quarter. Johnson Financial Group Inc. now owns 646 shares of the company’s stock valued at $50,000 after purchasing an additional 477 shares during the period. Empowered Funds LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter valued at about $43,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Shift4 Payments in the second quarter valued at about $34,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.