B. Riley Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by B. Riley from $110.00 to $150.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on FOUR. Stephens upped their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. William Blair started coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Piper Sandler upped their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their target price on Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, BTIG Research boosted their target price on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.15.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $111.64 on Tuesday. The stock has a market cap of $10.06 billion, a P/E ratio of 60.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The firm’s fifty day simple moving average is $94.46 and its 200 day simple moving average is $80.18. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $113.85. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Insiders Place Their Bets

In other news, 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 transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently added to or reduced their stakes in FOUR. Wasatch Advisors LP boosted its holdings in Shift4 Payments by 50.8% in the third 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. The Manufacturers Life Insurance Company boosted its holdings in Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after acquiring an additional 1,716,132 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after acquiring an additional 1,078,115 shares in the last quarter. Senator Investment Group LP boosted its holdings in Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after acquiring an additional 555,737 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in 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. Institutional investors 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.