B. Riley Forecasts Strong Price Appreciation for Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments (NYSE:FOUR) had its target price lifted by analysts at B. Riley from $110.00 to $150.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 33.59% from the company’s current price.

Other analysts also recently issued research reports about the stock. DA Davidson boosted their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Morgan Stanley boosted their price target on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. BTIG Research raised their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Stephens upped their target price on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.15.

Shift4 Payments Stock Performance

NYSE FOUR traded up $0.94 on Tuesday, reaching $112.28. The stock had a trading volume of 373,655 shares, compared to its average volume of 1,433,310. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $113.85. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The company has a market cap of $10.12 billion, a P/E ratio of 61.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The firm has a fifty day moving average of $93.91 and a two-hundred day moving average of $79.86.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % 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, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Large investors have recently modified their holdings of the company. Washington Harbour Partners LP acquired a new stake in Shift4 Payments during the first quarter worth approximately $1,342,000. Virtu Financial LLC bought a new stake in Shift4 Payments in the 1st quarter valued at about $3,203,000. First Hawaiian Bank raised its stake in Shift4 Payments by 8.8% during the 2nd quarter. First Hawaiian Bank now owns 7,195 shares of the company’s stock worth $528,000 after buying an additional 580 shares during the period. Moody National Bank Trust Division bought a new position in Shift4 Payments in the second quarter worth approximately $623,000. Finally, Insight Wealth Strategies LLC raised its position in shares of Shift4 Payments by 7.4% during the second quarter. Insight Wealth Strategies LLC now owns 10,737 shares of the company’s stock worth $788,000 after purchasing an additional 743 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.