Morgan Stanley Forecasts Strong Price Appreciation for Shift4 Payments (NYSE:FOUR) Stock

Shift4 Payments (NYSE:FOUR) had its price target lifted by research analysts at Morgan Stanley from $90.00 to $109.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 7.64% from the stock’s current price.

FOUR has been the topic of several other research reports. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. BTIG Research upped 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. Susquehanna lifted their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Wells Fargo & Company increased their target price on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, William Blair assumed coverage on Shift4 Payments in a research report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.52.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $101.26 on Wednesday. The company’s fifty day moving average is $100.15 and its two-hundred day moving average is $84.49. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The firm has a market capitalization of $9.12 billion, a P/E ratio of 55.03, a PEG ratio of 1.30 and a beta of 1.70. Shift4 Payments has a one year low of $55.87 and a one year high of $116.84.

Insider Activity

In related news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Large investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC acquired a new position in Shift4 Payments in the 3rd quarter worth $25,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments in the third quarter worth about $27,000. Toth Financial Advisory Corp purchased a new position in Shift4 Payments in the third quarter valued at about $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments in the third quarter valued at about $56,000. Finally, Quarry LP acquired a new stake in Shift4 Payments during the 2nd quarter valued at approximately $60,000. 98.87% of the stock is owned by institutional investors and hedge funds.

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.