Shift4 Payments (NYSE:FOUR) Price Target Raised to $150.00

Shift4 Payments (NYSE:FOUR) had its target price upped by equities research analysts at B. Riley from $110.00 to $150.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 33.59% from the stock’s previous close.

A number of other brokerages have also weighed in on FOUR. Stephens raised 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. Barclays started coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price for the company. Benchmark reiterated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a report on Thursday, September 5th. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler raised their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $102.15.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock traded up $0.94 during trading on Tuesday, reaching $112.28. The company’s stock had a trading volume of 373,655 shares, compared to its average volume of 1,433,310. Shift4 Payments has a one year low of $55.87 and a one year high of $113.85. The stock has a 50-day moving average price of $93.91 and a two-hundred day moving average price of $79.86. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $10.12 billion, a P/E ratio of 61.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently made changes to their positions in FOUR. Washington Harbour Partners LP bought a new position in Shift4 Payments during the first quarter worth about $1,342,000. Virtu Financial LLC acquired a new position in shares of Shift4 Payments during the 1st quarter worth approximately $3,203,000. First Hawaiian Bank raised its stake in Shift4 Payments by 8.8% in the 2nd quarter. First Hawaiian Bank now owns 7,195 shares of the company’s stock valued at $528,000 after acquiring an additional 580 shares during the period. Moody National Bank Trust Division acquired a new stake in Shift4 Payments during the 2nd quarter valued at $623,000. Finally, Insight Wealth Strategies LLC boosted its position in Shift4 Payments by 7.4% during the second quarter. Insight Wealth Strategies LLC now owns 10,737 shares of the company’s stock worth $788,000 after purchasing an additional 743 shares during the period. 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.