Shift4 Payments (NYSE:FOUR) Cut to Neutral at Bank of America

Bank of America cut shares of Shift4 Payments (NYSE:FOUR) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat reports. Bank of America currently has $105.00 price target on the stock, down from their previous price target of $112.00.

A number of other analysts have also weighed in on FOUR. Barclays started coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price for the company. Morgan Stanley boosted their target price on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. DA Davidson raised their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Susquehanna lifted their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Finally, Piper Sandler upped their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $102.29.

Shift4 Payments Stock Up 1.7 %

FOUR opened at $103.71 on Wednesday. The company has a market cap of $9.34 billion, a P/E ratio of 56.30, a P/E/G ratio of 1.42 and a beta of 1.70. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $116.84. The business’s 50-day moving average price is $97.88 and its 200-day moving average price is $82.08. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Insider Buying and Selling

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock worth $3,226,675 over the last three months. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently made changes to their positions in FOUR. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the third quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments in the 3rd quarter worth $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth $32,000. Financial Management Professionals Inc. purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth $56,000. Finally, Quarry LP bought a new stake in Shift4 Payments during the second quarter valued at about $60,000. Hedge funds and other 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.