Shift4 Payments, Inc. (NYSE:FOUR) Receives $103.10 Consensus Price Target from Analysts

Shift4 Payments, Inc. (NYSE:FOUR) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $103.10.

A number of research analysts recently commented on FOUR shares. The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Barclays started coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price for the company. Finally, Stephens lifted their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 $18,827,693.97. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,962 shares of company stock worth $2,243,489. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently made changes to their positions in the stock. Centaurus Financial Inc. raised its holdings in Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after buying an additional 119 shares during the period. First Dallas Securities Inc. raised its stake in shares of Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after acquiring an additional 200 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after acquiring an additional 202 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after purchasing an additional 210 shares during the period. Finally, CWM LLC boosted its position in Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $101.90 on Wednesday. The company has a market cap of $9.18 billion, a P/E ratio of 55.38, a PEG ratio of 1.30 and a beta of 1.70. The firm has a fifty day moving average price of $99.38 and a 200 day moving average price of $83.51. The company has a current ratio of 2.98, a quick ratio of 2.97 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.

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.