Shift4 Payments (NYSE:FOUR) Given New $120.00 Price Target at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its target price upped by equities research analysts at Wells Fargo & Company from $110.00 to $120.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 14.03% from the company’s current price.

Several other research firms have also commented on FOUR. Morgan Stanley raised their target price on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods lowered Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Stephens lifted their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.90.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded up $3.40 on Thursday, reaching $105.24. 106,274 shares of the stock were exchanged, compared to its average volume of 1,004,807. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 1.06 and a beta of 1.71. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $116.84. The business has a 50 day moving average price of $104.57 and a two-hundred day moving average price of $88.99. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Insider Transactions at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the stock in a transaction 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 transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $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 11,462 shares of company stock valued at $1,211,364 in the last quarter. 30.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently modified their holdings of the company. Centaurus Financial Inc. raised its stake in shares of Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares during the period. Verdence Capital Advisors LLC boosted its stake in Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after purchasing an additional 243 shares during the period. Central Pacific Bank Trust Division bought a new position in Shift4 Payments in the 4th quarter worth approximately $28,000. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $25,000. Finally, Transcendent Capital Group LLC bought a new position in Shift4 Payments during the third quarter valued at about $27,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.