Shift4 Payments, Inc. (NYSE:FOUR) Receives $103.10 Average Target Price from Analysts

Shift4 Payments, Inc. (NYSE:FOUR) has been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $103.10.

Several research analysts have recently weighed in on the stock. DA Davidson boosted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Piper Sandler boosted their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a report on Monday, December 9th. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their target price on Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th.

Shift4 Payments Stock Down 0.3 %

FOUR stock opened at $103.38 on Wednesday. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 1.30 and a beta of 1.70. The firm has a 50-day moving average of $99.87 and a two-hundred day moving average of $84.27. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $116.84. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Insider Buying and Selling

In related news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. 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 in the last ninety days. Company insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FOUR. Wasatch Advisors LP lifted its stake in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC raised its holdings in Shift4 Payments by 9.3% during the third 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. Clearbridge Investments LLC lifted its position in shares of Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after buying an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after buying an additional 12,804 shares in the last quarter. 98.87% of the stock is 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.