Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Target Price at $103.10

Shift4 Payments, Inc. (NYSE:FOUR) has received an average recommendation of “Moderate Buy” from the twenty-two research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $103.10.

A number of research firms have recently commented on FOUR. Piper Sandler boosted their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Oppenheimer assumed coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, William Blair assumed coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating for the company.

Shift4 Payments Stock Up 1.4 %

NYSE FOUR opened at $101.90 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $116.84. The business has a 50 day moving average price of $99.38 and a two-hundred day moving average price of $83.51. The stock has a market cap of $9.18 billion, a PE ratio of 55.38, a P/E/G ratio of 1.30 and a beta of 1.70.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value 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 trade represents a 2.20 % decrease in their ownership of the stock. 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 business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,962 shares of company stock valued at $2,243,489. Company insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of Shift4 Payments by 66.1% in the third quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock worth $714,000 after purchasing an additional 3,206 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Shift4 Payments in the third quarter worth about $169,000. Orion Capital Management LLC grew its position in Shift4 Payments by 10.5% in the 3rd quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock valued at $748,000 after buying an additional 800 shares in the last quarter. Geode Capital Management LLC increased its stake in Shift4 Payments by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after buying an additional 53,610 shares during the period. Finally, M&T Bank Corp raised its position in shares of Shift4 Payments by 15.5% during the 3rd quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock worth $349,000 after buying an additional 530 shares in 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.