Analysts Set Shift4 Payments, Inc. (NYSE:FOUR) Price Target at $100.15

Shift4 Payments, Inc. (NYSE:FOUR) has received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $100.15.

A number of brokerages have weighed in on FOUR. B. Riley lifted their target price on Shift4 Payments from $104.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group boosted 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. Piper Sandler raised their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Stephens upped their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Oppenheimer began coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective on the stock.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $100.57 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 1.34. Shift4 Payments has a one year low of $55.87 and a one year high of $106.31. The business’s 50 day simple moving average is $91.24 and its 200 day simple moving average is $78.20. The stock has a market capitalization of $8.91 billion, a PE ratio of 54.66, a PEG ratio of 1.17 and a beta of 1.64.

Insider Buying and Selling

In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction 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 transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Senator Investment Group LP raised its position in Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares during the last quarter. Artemis Investment Management LLP raised its holdings in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares in the last quarter. Bessemer Group Inc. lifted its stake in Shift4 Payments by 7.1% in the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after acquiring an additional 14,438 shares during the period. Coronation Fund Managers Ltd. bought a new stake in Shift4 Payments in the second quarter valued at $1,378,000. Finally, Scion Asset Management LLC bought a new stake in Shift4 Payments in the second quarter valued at $7,335,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.