Shift4 Payments (NYSE:FOUR) Price Target Raised to $150.00

Shift4 Payments (NYSE:FOUR) had its price target lifted by investment analysts at B. Riley from $110.00 to $150.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 30.49% from the stock’s current price.

Several other analysts have also issued reports on FOUR. Barclays assumed coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. William Blair assumed coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating for the company. Piper Sandler upped their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley increased their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Susquehanna increased their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.15.

Shift4 Payments Stock Performance

NYSE FOUR opened at $114.95 on Tuesday. The company has a 50-day simple moving average of $95.09 and a two-hundred day simple moving average of $80.43. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $115.08. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 62.47, a PEG ratio of 1.39 and a beta of 1.64.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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.