Shift4 Payments (NYSE:FOUR) Price Target Raised to $110.00

Shift4 Payments (NYSE:FOUR) had its price target hoisted by B. Riley from $104.00 to $110.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on FOUR. Barclays initiated coverage on Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. William Blair started coverage on Shift4 Payments in a research report on Wednesday, September 4th. They issued an “outperform” rating for the company. Oppenheimer started coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. Susquehanna lifted their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.15.

Shift4 Payments Stock Performance

NYSE FOUR opened at $97.01 on Wednesday. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $106.31. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 52.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. The business has a fifty day moving average of $90.75 and a 200-day moving average of $77.76. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at approximately $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 can be accessed through this link. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Institutional investors and hedge funds have recently bought and sold shares of the company. Senator Investment Group LP raised its stake in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after buying an additional 555,737 shares in the last quarter. Forge First Asset Management Inc. bought a new position in Shift4 Payments in the 1st quarter worth approximately $1,242,000. Artemis Investment Management LLP grew its holdings in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after buying an additional 242,684 shares in the last quarter. Bessemer Group Inc. grew its holdings in Shift4 Payments by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after buying an additional 14,438 shares in the last quarter. Finally, Coronation Fund Managers Ltd. bought a new position in Shift4 Payments in the 2nd quarter worth approximately $1,378,000. Institutional investors and hedge funds 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.