Shift4 Payments, Inc. (NYSE:FOUR) Given Consensus Rating of “Moderate Buy” by Analysts

Shift4 Payments, Inc. (NYSE:FOUR) has received an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $106.90.

Several brokerages have commented on FOUR. Stephens lifted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Oppenheimer boosted their price target on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Wells Fargo & Company boosted their price target on shares of Shift4 Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th.

Insider Activity at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the 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 transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, 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. In the last 90 days, insiders have sold 11,462 shares of company stock valued at $1,211,364. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after buying an additional 1,980,940 shares during the period. Jennison Associates LLC lifted its position in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares during the period. Clearbridge Investments LLC lifted its position in shares of Shift4 Payments by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after purchasing an additional 235,355 shares during the period. Westfield Capital Management Co. LP lifted its position in shares of Shift4 Payments by 0.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after purchasing an additional 12,804 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Shift4 Payments by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after purchasing an additional 53,610 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $117.11 on Thursday. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 63.65, a P/E/G ratio of 1.18 and a beta of 1.71. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $119.28. The firm’s 50-day simple moving average is $107.27 and its two-hundred day simple moving average is $91.91.

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.