Wells Fargo & Company Increases Shift4 Payments (NYSE:FOUR) Price Target to $120.00

Shift4 Payments (NYSE:FOUR) had its price target raised by Wells Fargo & Company from $110.00 to $120.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 14.03% from the company’s previous close.

Several other equities research analysts have also commented on FOUR. Barclays began coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. Susquehanna lifted their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. B. Riley upped their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. DA Davidson lifted their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Oppenheimer increased their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $106.90.

Shift4 Payments Stock Performance

Shift4 Payments stock traded up $3.40 during midday trading on Thursday, reaching $105.24. 106,274 shares of the company traded hands, compared to its average volume of 1,004,807. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $116.84. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The business has a 50 day moving average of $104.57 and a two-hundred day moving average of $88.99. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 57.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the 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 transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the firm’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 transaction, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 in the last quarter. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its stake in shares of 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 in the last quarter. The Manufacturers Life Insurance Company grew its stake in Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after buying an additional 1,716,132 shares during the last quarter. Ensign Peak Advisors Inc increased its position in Shift4 Payments by 6,185.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock valued at $80,358,000 after buying an additional 1,078,115 shares in the last quarter. Senator Investment Group LP increased its position in Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after buying an additional 555,737 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after buying an additional 242,684 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.