B. Riley Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price target hoisted by B. Riley from $110.00 to $150.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

FOUR has been the subject of a number of other research reports. Oppenheimer began coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. Susquehanna lifted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company lifted their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.15.

Shift4 Payments Stock Up 0.3 %

FOUR opened at $111.64 on Tuesday. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $113.85. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company has a fifty day moving average of $94.46 and a two-hundred day moving average of $80.18. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 60.67, a PEG ratio of 1.37 and a beta of 1.64.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds have recently modified their holdings of the company. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $32,000. Financial Management Professionals Inc. acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $56,000. Finally, Quarry LP acquired a new stake in shares of Shift4 Payments in the second quarter worth approximately $60,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.