Oppenheimer Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price objective hoisted by Oppenheimer from $120.00 to $121.00 in a report issued on Thursday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. DA Davidson upped their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Barclays initiated coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. B. Riley boosted their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, William Blair started coverage on Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.52.

Shift4 Payments Stock Up 2.1 %

FOUR stock opened at $101.26 on Thursday. The company has a 50 day moving average of $100.15 and a two-hundred day moving average of $84.49. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $116.84. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 55.03, a PEG ratio of 1.30 and a beta of 1.70.

Insider Activity at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was 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 in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction that occurred on 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 owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 in the last three months. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC bought a new position in Shift4 Payments in the third quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments in the third quarter valued at approximately $32,000. Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments during the third quarter worth $56,000. Finally, Quarry LP acquired a new stake in shares of Shift4 Payments during the second quarter worth $60,000. 98.87% of the stock is currently owned by 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.