Shift4 Payments, Inc. (NYSE:FOUR) Receives $106.40 Consensus Price Target from Brokerages

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $106.40.

Several equities analysts have commented on FOUR shares. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. B. Riley boosted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley raised their price objective on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Piper Sandler boosted their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th.

Insider Activity

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the company’s 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 transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock valued at $1,211,364 over the last quarter. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Senator Investment Group LP raised its stake in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after buying an additional 555,737 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after acquiring an additional 7,905 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after purchasing an additional 242,684 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Trading Down 0.4 %

FOUR opened at $106.13 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. Shift4 Payments has a one year low of $55.87 and a one year high of $116.84. The company has a market cap of $9.56 billion, a P/E ratio of 57.68, a PEG ratio of 1.31 and a beta of 1.70. The business’s 50-day simple moving average is $103.18 and its 200-day simple moving average is $87.84.

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.