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

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have received an average rating of “Moderate Buy” from the twenty-one research firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $106.40.

A number of brokerages have recently issued reports on FOUR. Oppenheimer upped their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Wells Fargo & Company upped their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays initiated coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective for the company. Finally, Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. purchased a new position in shares of Shift4 Payments in the second quarter valued at $1,378,000. Commonwealth Equity Services LLC raised its position in shares of Shift4 Payments by 18.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,193 shares of the company’s stock valued at $601,000 after buying an additional 1,291 shares in the last quarter. Rhumbline Advisers raised its position in shares of Shift4 Payments by 9.9% during the 2nd quarter. Rhumbline Advisers now owns 71,824 shares of the company’s stock valued at $5,268,000 after buying an additional 6,455 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Shift4 Payments by 9.0% in the 2nd quarter. Victory Capital Management Inc. now owns 418,124 shares of the company’s stock valued at $30,669,000 after acquiring an additional 34,630 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Shift4 Payments by 8.6% in the second quarter. Arizona State Retirement System now owns 15,284 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,213 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Down 1.7 %

Shares of Shift4 Payments stock opened at $104.73 on Friday. The company has a 50-day simple moving average of $104.09 and a two-hundred day simple moving average of $88.46. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $116.84. 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 capitalization of $9.44 billion, a PE ratio of 56.92, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71.

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.