Shift4 Payments (NYSE:FOUR) Stock Price Up 5.2% After Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR) shot up 5.2% during mid-day trading on Thursday after Wells Fargo & Company raised their price target on the stock from $110.00 to $120.00. Wells Fargo & Company currently has an overweight rating on the stock. Shift4 Payments traded as high as $107.27 and last traded at $107.18. 429,382 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 1,038,212 shares. The stock had previously closed at $101.84.

A number of other brokerages have also recently issued reports on FOUR. Oppenheimer raised their target price on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Piper Sandler lifted their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods downgraded Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a report on Monday, December 9th. B. Riley upped their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, BTIG Research lifted their price objective 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. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and a consensus target price of $106.90.

Insider Transactions at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % 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. Corporate 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 business. Senator Investment Group LP increased its stake in shares of Shift4 Payments by 8,551.1% in the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the period. Artemis Investment Management LLP boosted its position in shares of Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after purchasing an additional 242,684 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

The business has a 50-day moving average of $104.66 and a 200 day moving average of $89.08. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $9.67 billion, a P/E ratio of 58.36, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71.

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.