Shift4 Payments (NYSE:FOUR) Price Target Raised to $135.00

Shift4 Payments (NYSE:FOUR) had its price objective raised by Wells Fargo & Company from $120.00 to $135.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also commented on FOUR. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Monday. They issued a “hold” rating and a $120.00 price target for the company. Morgan Stanley upped their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. BTIG Research increased their price target on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Piper Sandler increased their target price on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.24.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $120.18 on Monday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $123.25. The company has a fifty day moving average price of $108.32 and a two-hundred day moving average price of $93.66. The company has a market cap of $10.83 billion, a PE ratio of 65.32, a P/E/G ratio of 1.22 and a beta of 1.72.

Insider Buying and Selling at Shift4 Payments

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 value of $147,764.34. Following the transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after acquiring an additional 1,980,940 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the period. Geode Capital Management LLC increased its stake in Shift4 Payments by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after purchasing an additional 53,610 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.