Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Shift4 Payments (NYSE:FOUR) had its target price increased by equities researchers at Wells Fargo & Company from $120.00 to $135.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 14.11% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Oppenheimer upped their target price on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. 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. The Goldman Sachs Group lifted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Stephens upped their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Morgan Stanley lifted their price objective on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and an average price target of $108.24.

Shift4 Payments Stock Performance

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. The company has a market cap of $10.66 billion, a PE ratio of 64.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. The stock has a 50-day moving average of $108.19 and a 200-day moving average of $93.29. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $123.25.

Insider Activity at Shift4 Payments

In related 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 transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock valued at $1,211,364 over the last quarter. 30.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wasatch Advisors LP grew its holdings in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after acquiring an additional 1,980,940 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Shift4 Payments by 9.3% during the third 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 in the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Shift4 Payments by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after purchasing an additional 53,610 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after purchasing an additional 145,444 shares during the last quarter. 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.