Shift4 Payments, Inc. (NYSE:FOUR) Receives Average Rating of “Moderate Buy” from Analysts

Shift4 Payments, Inc. (NYSE:FOUR) has received a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $106.40.

A number of research firms recently issued reports on FOUR. Morgan Stanley lifted their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. DA Davidson upped their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research note on Monday, December 9th. Finally, Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $109.14 on Friday. The company’s 50 day moving average is $102.57 and its two-hundred day moving average is $87.22. The firm has a market cap of $9.83 billion, a PE ratio of 59.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $116.84.

Insider Buying and Selling at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by company insiders.

Institutional Trading of Shift4 Payments

Hedge funds and other institutional investors have recently made changes to their positions in the company. Coronation Fund Managers Ltd. acquired a new stake in Shift4 Payments in the second quarter valued at about $1,378,000. Commonwealth Equity Services LLC lifted its holdings in shares of Shift4 Payments by 18.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,193 shares of the company’s stock valued at $601,000 after buying an additional 1,291 shares during the period. Rhumbline Advisers boosted its stake in shares of Shift4 Payments by 9.9% in the second quarter. Rhumbline Advisers now owns 71,824 shares of the company’s stock valued at $5,268,000 after buying an additional 6,455 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Shift4 Payments by 9.0% during the second quarter. Victory Capital Management Inc. now owns 418,124 shares of the company’s stock worth $30,669,000 after acquiring an additional 34,630 shares during the period. Finally, Arizona State Retirement System raised its position in Shift4 Payments by 8.6% in the second quarter. Arizona State Retirement System now owns 15,284 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,213 shares in the last quarter. 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.