Shift4 Payments (NYSE:FOUR) Hits New 52-Week High After Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price reached a new 52-week high during mid-day trading on Wednesday after B. Riley raised their price target on the stock from $110.00 to $150.00. B. Riley currently has a buy rating on the stock. Shift4 Payments traded as high as $113.88 and last traded at $112.64, with a volume of 207376 shares changing hands. The stock had previously closed at $111.70.

A number of other brokerages have also weighed in on FOUR. The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. DA Davidson boosted their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. BTIG Research raised their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company upped 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. Finally, Morgan Stanley lifted their target price on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $102.15.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FOUR. First Hawaiian Bank boosted its stake in shares of Shift4 Payments by 8.8% during the 2nd quarter. First Hawaiian Bank now owns 7,195 shares of the company’s stock worth $528,000 after buying an additional 580 shares during the last quarter. Moody National Bank Trust Division bought a new position in Shift4 Payments in the second quarter valued at approximately $623,000. Insight Wealth Strategies LLC increased its position in shares of Shift4 Payments by 7.4% during the 2nd quarter. Insight Wealth Strategies LLC now owns 10,737 shares of the company’s stock worth $788,000 after purchasing an additional 743 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Shift4 Payments by 462.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 103,851 shares of the company’s stock worth $7,617,000 after purchasing an additional 85,391 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Shift4 Payments by 27.1% in the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Up 2.9 %

The firm has a market capitalization of $10.36 billion, a P/E ratio of 62.47, a PEG ratio of 1.39 and a beta of 1.64. The firm’s 50 day moving average is $95.67 and its two-hundred day moving average is $80.67. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

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.