Wells Fargo & Company Raises Shift4 Payments (NYSE:FOUR) Price Target to $120.00

Shift4 Payments (NYSE:FOUR) had its price target lifted by Wells Fargo & Company from $110.00 to $120.00 in a report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley increased their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. BTIG Research increased their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Stephens boosted 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. Barclays initiated coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Finally, Piper Sandler boosted their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.90.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $114.13 on Thursday. Shift4 Payments has a one year low of $55.87 and a one year high of $116.84. The company has a market capitalization of $10.28 billion, a PE ratio of 62.03, a P/E/G ratio of 1.06 and a beta of 1.71. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company has a 50-day simple moving average of $105.12 and a two-hundred day simple moving average of $89.49.

Insider Activity

In other news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction 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 sale, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock valued at $1,211,364 in the last quarter. 30.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently modified their holdings of FOUR. Centaurus Financial Inc. raised its holdings in Shift4 Payments by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after purchasing an additional 119 shares during the period. Verdence Capital Advisors LLC increased its position in shares of Shift4 Payments by 7.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after buying an additional 243 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $28,000. UMB Bank n.a. purchased a new position in shares of Shift4 Payments during the 4th quarter valued at approximately $29,000. Finally, Waldron Private Wealth LLC acquired a new stake in Shift4 Payments in the 3rd quarter valued at $25,000. 98.87% of the stock is currently 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.