Shift4 Payments, Inc. (NYSE:FOUR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shift4 Payments, Inc. (NYSE:FOUR) has been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $106.40.

FOUR has been the subject of a number of recent research reports. Susquehanna boosted their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Morgan Stanley raised their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a report on Monday, December 9th. Finally, Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price target for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th.

Insider Buying and Selling

In related news, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were 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 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. Insiders have sold 11,462 shares of company stock valued at $1,211,364 over the last quarter. Corporate insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its holdings in shares of Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after acquiring an additional 1,078,115 shares during the period. Senator Investment Group LP lifted its position in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares during the period. Finally, Artemis Investment Management LLP boosted its holdings in Shift4 Payments by 113.0% in the third 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 during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $106.41 on Friday. The firm has a fifty day simple moving average of $103.80 and a two-hundred day simple moving average of $88.10. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $116.84. The company has a market capitalization of $9.59 billion, a PE ratio of 57.83, a P/E/G ratio of 1.31 and a beta of 1.71. 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 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.