Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, B. Riley Analyst Says

Shift4 Payments (NYSE:FOUR) had its target price increased by equities research analysts at B. Riley from $110.00 to $150.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 30.49% from the company’s current price.

Other research analysts have also issued reports about the company. Stephens raised their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Piper Sandler raised their target price on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Morgan Stanley raised their target price on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Susquehanna raised their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group lifted their price objective on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

Shift4 Payments Stock Up 2.9 %

Shares of FOUR opened at $114.95 on Tuesday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $115.08. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 62.47, a PEG ratio of 1.39 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The stock has a fifty day moving average of $95.09 and a 200-day moving average of $80.43.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred 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. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the insider now directly owns 228,021 shares in the company, valued at $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 hedge funds and other institutional investors have recently bought and sold shares of FOUR. Washington Harbour Partners LP purchased a new position in shares of Shift4 Payments during the 1st quarter valued at $1,342,000. Virtu Financial LLC purchased a new position in shares of Shift4 Payments during the 1st quarter valued at $3,203,000. First Hawaiian Bank grew its position in shares of Shift4 Payments by 8.8% during the 2nd quarter. First Hawaiian Bank now owns 7,195 shares of the company’s stock valued at $528,000 after purchasing an additional 580 shares in the last quarter. Moody National Bank Trust Division purchased a new position in shares of Shift4 Payments during the 2nd quarter valued at $623,000. Finally, Insight Wealth Strategies LLC grew its position in shares of Shift4 Payments by 7.4% during the 2nd quarter. Insight Wealth Strategies LLC now owns 10,737 shares of the company’s stock valued at $788,000 after purchasing an additional 743 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

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.