Shift4 Payments (NYSE:FOUR) Reaches New 52-Week High on Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR)’s share price hit a new 52-week high on Wednesday after B. Riley raised their price target on the stock from $110.00 to $150.00. B. Riley currently has a buy rating on the stock. Shift4 Payments traded as high as $113.88 and last traded at $112.64, with a volume of 207376 shares. The stock had previously closed at $111.70.

Several other equities research analysts have also weighed in on the company. Oppenheimer started coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Piper Sandler boosted their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Benchmark restated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Thursday, September 5th. Finally, Stephens increased their price objective on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.15.

Insider Buying and Selling

In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of institutional investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the 3rd quarter valued at $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the third quarter worth $27,000. Toth Financial Advisory Corp purchased a new position in shares of Shift4 Payments during the third quarter valued at $32,000. Financial Management Professionals Inc. acquired a new position in Shift4 Payments during the third quarter valued at $56,000. Finally, Quarry LP purchased a new stake in Shift4 Payments in the 2nd quarter worth about $60,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The stock has a 50-day simple moving average of $95.09 and a 200 day simple moving average of $80.43. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 62.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64.

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.