Deutsche Bank Aktiengesellschaft Begins Coverage on Shift4 Payments (NYSE:FOUR)

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments (NYSE:FOUR) in a report released on Monday, Marketbeat reports. The brokerage set a “hold” rating and a $120.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 1.43% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their target price on Shift4 Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. B. Riley lifted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.24.

Shift4 Payments Stock Down 0.8 %

Shares of FOUR opened at $118.31 on Monday. 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 $123.25. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 64.30, a PEG ratio of 1.22 and a beta of 1.72. The stock has a fifty day moving average of $108.19 and a 200-day moving average of $93.29.

Insider Buying and Selling

In other news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Asset Management One Co. Ltd. boosted its holdings in shares of Shift4 Payments by 14.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company’s stock worth $81,000 after acquiring an additional 99 shares during the period. Perigon Wealth Management LLC boosted its stake in Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock worth $419,000 after purchasing an additional 133 shares during the period. Blue Trust Inc. grew its holdings in Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $44,000 after buying an additional 171 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Shift4 Payments by 7.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after buying an additional 243 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter worth about $26,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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.