Shift4 Payments, Inc. (NYSE:FOUR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Shift4 Payments, Inc. (NYSE:FOURGet Free Report) have received an average recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $106.90.

A number of research analysts recently issued reports on the stock. BTIG Research lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Shift4 Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Barclays assumed 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 raised their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th.

Read Our Latest Analysis on FOUR

Insider Transactions at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last three months. 30.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shift4 Payments

Several large investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. lifted its holdings in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. lifted its holdings in Shift4 Payments by 67.3% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $44,000 after purchasing an additional 171 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Shift4 Payments by 7.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after purchasing an additional 243 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Shift4 Payments during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Down 0.3 %

Shares of NYSE FOUR opened at $117.11 on Thursday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $119.28. The stock has a market cap of $10.55 billion, a P/E ratio of 63.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.71. The firm has a 50-day moving average of $107.27 and a 200 day moving average of $91.91. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Shift4 Payments Company Profile

(Get Free Report

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.

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Analyst Recommendations for Shift4 Payments (NYSE:FOUR)

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