Shift4 Payments (NYSE:FOUR) Given New $135.00 Price Target at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its target price boosted by stock analysts at Wells Fargo & Company from $120.00 to $135.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 15.31% from the company’s current price.

Other research analysts have also issued research reports about the stock. Piper Sandler increased their target price 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. B. Riley boosted their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Barclays initiated coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective for the company. Finally, BTIG Research raised their target price on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.24.

Shift4 Payments Stock Performance

Shares of NYSE FOUR traded down $2.78 during trading hours on Monday, reaching $117.08. 286,841 shares of the stock were exchanged, compared to its average volume of 1,235,216. The stock’s fifty day simple moving average is $108.03 and its 200 day simple moving average is $92.92. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 64.05, a P/E/G ratio of 1.22 and a beta of 1.72. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $123.25. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

Insider Transactions at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of 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 over the last ninety days. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently modified their holdings of FOUR. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments during the 4th quarter valued at $28,000. UMB Bank n.a. bought a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $29,000. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments during the 3rd quarter valued at $25,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments in the third quarter worth $27,000. 98.87% of the stock is owned by institutional investors.

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.