Shift4 Payments, Inc. (NYSE:FOUR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $103.10.

FOUR has been the topic of several analyst reports. Barclays initiated coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. William Blair initiated coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a report on Monday. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The shares were 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 owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on 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 in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,962 shares of company stock worth $3,374,439. Corporate insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the 3rd quarter worth $25,000. Transcendent Capital Group LLC acquired a new stake in Shift4 Payments during the 3rd quarter worth $27,000. Toth Financial Advisory Corp acquired a new stake in Shift4 Payments during the 3rd quarter worth $32,000. Financial Management Professionals Inc. acquired a new stake in Shift4 Payments during the 3rd quarter worth $56,000. Finally, Quarry LP acquired a new stake in Shift4 Payments during the 2nd quarter worth $60,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

FOUR opened at $98.50 on Wednesday. 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 company has a market cap of $8.88 billion, a price-to-earnings ratio of 53.53, a PEG ratio of 1.33 and a beta of 1.70. The company’s 50 day moving average is $98.49 and its 200 day moving average is $82.81. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $116.84.

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.