Shift4 Payments (NYSE:FOUR) Price Target Raised to $120.00 at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its price objective lifted by Wells Fargo & Company from $110.00 to $120.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other brokerages have also recently commented on FOUR. The Goldman Sachs Group increased their price objective 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. BTIG Research increased their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Susquehanna boosted their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Stephens boosted their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and an average target price of $106.90.

Shift4 Payments Price Performance

NYSE FOUR opened at $107.25 on Thursday. The firm’s 50 day moving average is $104.66 and its 200-day moving average is $89.08. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $9.66 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $116.84.

Insider Activity at Shift4 Payments

In other Shift4 Payments 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 transaction, the insider now owns 37,089 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 in the last ninety days. 30.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FOUR. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. acquired a new stake in shares of Shift4 Payments during the 4th quarter worth approximately $29,000. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the third quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new position in Shift4 Payments in the third quarter valued at approximately $27,000. Finally, Toth Financial Advisory Corp acquired a new position in Shift4 Payments during the third quarter valued at approximately $32,000. Institutional investors own 98.87% of the company’s stock.

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.