Shift4 Payments (NYSE:FOUR) Trading Up 5.2% on Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR) traded up 5.2% on Thursday after Wells Fargo & Company raised their price target on the stock from $110.00 to $120.00. Wells Fargo & Company currently has an overweight rating on the stock. Shift4 Payments traded as high as $107.27 and last traded at $107.18. 429,382 shares changed hands during trading, a decline of 59% from the average session volume of 1,038,212 shares. The stock had previously closed at $101.84.

Several other research analysts have also issued reports on FOUR. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. B. Riley upped their target price on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley upped their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Barclays assumed coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Finally, Oppenheimer upped their target price on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $106.90.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last quarter. 30.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. boosted its position in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after purchasing an additional 119 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Shift4 Payments by 7.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock worth $303,000 after purchasing an additional 243 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments during the fourth quarter worth approximately $28,000. UMB Bank n.a. purchased a new position in Shift4 Payments during the fourth quarter worth approximately $29,000. Finally, Waldron Private Wealth LLC purchased a new position in Shift4 Payments during the third quarter worth approximately $25,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Up 5.3 %

The company has a market cap of $9.66 billion, a PE ratio of 58.29, a P/E/G ratio of 1.06 and a beta of 1.71. The business has a 50-day simple moving average of $104.66 and a 200-day simple moving average of $89.08. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

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.