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

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have earned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $106.40.

Several equities analysts recently weighed in on the company. Oppenheimer raised their price objective on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. 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 report on Wednesday, November 13th. Finally, Piper Sandler upped their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the 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 transaction, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 in the last three months. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in FOUR. Senator Investment Group LP grew its holdings in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. Oppenheimer & Co. Inc. lifted its position in Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after buying an additional 7,905 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Shift4 Payments by 41.9% during the third 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. Artemis Investment Management LLP increased its position in shares of Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after acquiring an additional 242,684 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Shift4 Payments Trading Up 0.7 %

Shares of Shift4 Payments stock opened at $109.14 on Friday. The company has a 50-day moving average of $102.57 and a two-hundred day moving average of $87.22. Shift4 Payments has a 12-month low of $55.87 and a 12-month 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 stock has a market cap of $9.83 billion, a PE ratio of 59.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70.

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.