Shift4 Payments (NYSE:FOUR) Given New $110.00 Price Target at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price target lifted by Wells Fargo & Company from $100.00 to $110.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently issued reports on the company. Oppenheimer began coverage on Shift4 Payments in a report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Shift4 Payments from $96.00 to $106.00 and gave the company a “buy” rating in a report on Monday, October 14th. Piper Sandler boosted their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, DA Davidson boosted their price objective on Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Stock Performance

Shares of FOUR opened at $97.01 on Wednesday. The stock has a 50-day moving average of $90.75 and a two-hundred day moving average of $77.76. Shift4 Payments has a one year low of $55.87 and a one year high of $106.31. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.34 and a current ratio of 2.98. The stock has a market cap of $8.60 billion, a P/E ratio of 52.72, a P/E/G ratio of 1.18 and a beta of 1.64.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the business’s 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 of the company’s stock, valued at $18,827,693.97. The trade was a 5.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction 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 $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. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Institutional investors have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth $27,000. Toth Financial Advisory Corp purchased a new stake in Shift4 Payments during the 3rd quarter worth $32,000. J.Safra Asset Management Corp boosted its position in Shift4 Payments by 79.0% during the 1st quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the period. Finally, Financial Management Professionals Inc. purchased a new stake in Shift4 Payments during the 3rd quarter worth $56,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.