Shift4 Payments (NYSE:FOUR) Lowered to Neutral Rating by Bank of America

Bank of America cut shares of Shift4 Payments (NYSE:FOUR) from a buy rating to a neutral rating in a report released on Wednesday, MarketBeat.com reports.

FOUR has been the subject of a number of other reports. Susquehanna increased their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. BTIG Research raised their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Oppenheimer began coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Benchmark reiterated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.15.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $99.96 on Wednesday. The company has a fifty day moving average price of $97.57 and a 200 day moving average price of $81.94. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $116.84. 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 firm has a market cap of $9.01 billion, a PE ratio of 54.33, a PEG ratio of 1.41 and a beta of 1.70.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now owns 210,045 shares in the company, valued at approximately $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 37,500 shares of company stock valued at $3,226,675 over the last three months. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in Shift4 Payments by 66.1% during the third quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock worth $714,000 after purchasing an additional 3,206 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Shift4 Payments during the third quarter worth about $169,000. Orion Capital Management LLC boosted its holdings in Shift4 Payments by 10.5% during the third quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock worth $748,000 after purchasing an additional 800 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Shift4 Payments by 5.3% during the third 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 during the last quarter. Finally, M&T Bank Corp boosted its holdings in Shift4 Payments by 15.5% during the third quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock worth $349,000 after purchasing an additional 530 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.