Shift4 Payments (NYSE:FOUR) Price Target Raised to $121.00

Shift4 Payments (NYSE:FOUR) had its price objective boosted by Oppenheimer from $120.00 to $121.00 in a research report report published on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts also recently weighed in on FOUR. B. Riley lifted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. BTIG Research raised their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stephens upped their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a research report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.40.

Shift4 Payments Trading Up 2.2 %

FOUR stock opened at $103.52 on Thursday. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $116.84. The firm’s 50-day moving average is $100.29 and its 200 day moving average is $84.72. The company has a market capitalization of $9.33 billion, a PE ratio of 56.26, a P/E/G ratio of 1.30 and a beta of 1.70. 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 other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 in the last 90 days. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Shift4 Payments in the second quarter worth about $149,000. Coronation Fund Managers Ltd. purchased a new position in shares of Shift4 Payments in the 2nd quarter valued at about $1,378,000. Fifth Third Bancorp acquired a new position in Shift4 Payments in the 2nd quarter worth about $236,000. IMA Advisory Services Inc. grew its holdings in Shift4 Payments by 2.6% in the second quarter. IMA Advisory Services Inc. now owns 26,259 shares of the company’s stock valued at $1,926,000 after purchasing an additional 666 shares during the period. Finally, EFG Asset Management North America Corp. raised its stake in shares of Shift4 Payments by 20.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 25,714 shares of the company’s stock worth $1,887,000 after buying an additional 4,366 shares during the period. Institutional investors and hedge funds 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.