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

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have received an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $108.24.

Several equities research analysts have issued reports on FOUR shares. Oppenheimer raised their target price on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler raised their target price on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 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 11,462 shares of company stock valued at $1,211,364 in the last ninety days. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently made changes to their positions in the business. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the 4th quarter valued at approximately $26,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at approximately $27,000. Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments in the 4th quarter valued at approximately $28,000. Finally, UMB Bank n.a. purchased a new position in shares of Shift4 Payments in the 4th quarter valued at approximately $29,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Price Performance

NYSE:FOUR opened at $120.18 on Thursday. The stock has a 50 day moving average price of $108.32 and a 200 day moving average price of $93.66. 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 stock has a market cap of $10.83 billion, a PE ratio of 65.32, a P/E/G ratio of 1.22 and a beta of 1.72. Shift4 Payments has a one year low of $55.87 and a one year high of $123.25.

Shift4 Payments Company Profile

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.