Shift4 Payments (NYSE:FOUR) Now Covered by Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments (NYSE:FOUR) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set a “hold” rating and a $120.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 1.43% from the stock’s current price.

Several other equities research analysts have also issued reports on FOUR. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price for the company. in a research report on Monday, December 9th. BTIG Research lifted their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. 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. Piper Sandler raised their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer boosted their target price on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.24.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $118.31 on Monday. The stock has a market cap of $10.66 billion, a P/E ratio of 64.30, a PEG ratio of 1.22 and a beta of 1.72. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The business’s 50-day moving average price is $108.19 and its two-hundred day moving average price is $93.29. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $123.25.

Insider Activity

In other news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. 30.57% of the stock is owned by company insiders.

Institutional Trading of Shift4 Payments

Several institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP raised its stake in shares of Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC raised its position in Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after acquiring an additional 12,804 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Shift4 Payments by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after acquiring an additional 53,610 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.