Shift4 Payments (NYSE:FOUR) Given New $110.00 Price Target at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price target boosted by Wells Fargo & Company from $100.00 to $110.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also recently weighed in on FOUR. Oppenheimer started coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price objective for the company. BTIG Research upped their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. William Blair assumed coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Susquehanna upped their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, Piper Sandler upped 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. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $97.01 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34. The firm has a 50-day moving average of $90.75 and a two-hundred day moving average of $77.76. The stock has a market cap of $8.60 billion, a P/E ratio of 52.72, a PEG ratio of 1.18 and a beta of 1.64. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31.

Insider Buying and Selling

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nancy Disman sold 20,000 shares of the firm’s 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. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake 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 during the period. M&T Bank Corp boosted its holdings in shares of Shift4 Payments by 15.5% in the third quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock valued at $349,000 after acquiring an additional 530 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Shift4 Payments by 246.2% in the third quarter. Public Employees Retirement System of Ohio now owns 79,321 shares of the company’s stock valued at $7,028,000 after acquiring an additional 56,410 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $1,302,000. Finally, Main Management ETF Advisors LLC bought a new position in shares of Shift4 Payments in the third quarter valued at approximately $1,100,000. Institutional investors and hedge funds 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.