Shift4 Payments (NYSE:FOUR) Price Target Raised to $120.00

Shift4 Payments (NYSE:FOUR) had its price target raised by Susquehanna from $105.00 to $120.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a positive rating on the stock.

Several other equities analysts have also weighed in on the stock. Oppenheimer initiated coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target for the company. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. BTIG Research increased 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. The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Barclays began coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $97.01 on Wednesday. The company has a market cap of $8.60 billion, a P/E ratio of 52.72, a P/E/G ratio of 1.18 and a beta of 1.64. The firm has a 50-day moving average of $90.75 and a 200-day moving average of $77.76. 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.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred 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 transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 182,959 shares in the company, 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. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments in the third quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments in the third quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Shift4 Payments in the third quarter worth approximately $32,000. Financial Management Professionals Inc. bought a new position in shares of Shift4 Payments in the third quarter worth approximately $56,000. Finally, J.Safra Asset Management Corp grew its holdings in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the last quarter. 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.