Shift4 Payments (NYSE:FOUR) Given New $121.00 Price Target at Oppenheimer

Shift4 Payments (NYSE:FOUR) had its target price increased by research analysts at Oppenheimer from $120.00 to $121.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 19.19% from the company’s current price.

A number of other research firms have also recently weighed in on FOUR. Barclays initiated coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Susquehanna upped their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a research note on Monday, December 9th. 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 research note on Thursday, November 14th. Finally, Stephens boosted their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $105.52.

Shift4 Payments Price Performance

FOUR traded up $2.39 during trading on Thursday, reaching $101.52. 567,855 shares of the stock were exchanged, compared to its average volume of 1,480,554. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $116.84. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 55.17, a P/E/G ratio of 1.30 and a beta of 1.70. The business’s 50 day moving average price is $99.98 and its two-hundred day moving average price is $84.37. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

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 stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The transaction 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 the business’s 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 transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade 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 worth $1,211,364 over the last quarter. 30.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Waldron Private Wealth LLC bought a new position in Shift4 Payments during the third quarter valued at about $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments during the 3rd quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments in the 3rd quarter worth approximately $32,000. Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $56,000. Finally, Quarry LP acquired a new stake in Shift4 Payments during the second quarter valued at approximately $60,000. 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.