DA Davidson Forecasts Strong Price Appreciation for Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments (NYSE:FOUR) had its price objective boosted by DA Davidson from $118.00 to $126.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on FOUR. Piper Sandler upped their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Stephens raised their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Oppenheimer initiated coverage on Shift4 Payments in a report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target on the stock. BTIG Research lifted their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Trading Down 1.8 %

NYSE:FOUR opened at $97.01 on Thursday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $106.31. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.34 and a current ratio of 2.98. The firm’s fifty day moving average is $90.75 and its 200-day moving average is $77.90. The firm has a market cap of $8.60 billion, a P/E ratio of 52.72, a P/E/G ratio of 1.17 and a beta of 1.64.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently added to or reduced their stakes in FOUR. Senator Investment Group LP boosted its position 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 valued at $41,240,000 after acquiring an additional 555,737 shares during the last quarter. Forge First Asset Management Inc. purchased a new stake in Shift4 Payments in the first quarter valued at approximately $1,242,000. Artemis Investment Management LLP lifted its position in Shift4 Payments by 113.0% during 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. Bessemer Group Inc. grew its stake in Shift4 Payments by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after buying an additional 14,438 shares in the last quarter. Finally, Coronation Fund Managers Ltd. bought a new position in shares of Shift4 Payments in the 2nd quarter worth $1,378,000. 98.87% of the stock is currently owned by institutional investors.

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.