Oppenheimer Issues Positive Forecast for Shift4 Payments (NYSE:FOUR) Stock Price

Shift4 Payments (NYSE:FOUR) had its price target increased by Oppenheimer from $120.00 to $121.00 in a report published on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other research analysts have also weighed in on FOUR. Piper Sandler boosted their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Morgan Stanley upped their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday. DA Davidson boosted their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. William Blair started coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Finally, Barclays began coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average target price of $105.52.

Shift4 Payments Stock Up 2.1 %

Shares of FOUR stock opened at $101.26 on Thursday. The firm has a market capitalization of $9.12 billion, a P/E ratio of 55.03, a PEG ratio of 1.30 and a beta of 1.70. The firm’s fifty day moving average price is $100.15 and its two-hundred day moving average price is $84.49. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $116.84.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FOUR. Wasatch Advisors LP boosted its holdings in shares of Shift4 Payments by 50.8% in the 3rd 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. Jennison Associates LLC boosted its stake in Shift4 Payments by 9.3% in the third 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 in the last quarter. Clearbridge Investments LLC grew its position in Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after acquiring an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Shift4 Payments by 11,776.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after acquiring an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.