Shift4 Payments (NYSE:FOUR) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments (NYSE:FOUR) in a research note released on Monday, Marketbeat reports. The firm issued a hold rating and a $120.00 price target on the stock.

Other equities analysts have also issued research reports about the stock. Stephens raised their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. B. Riley raised their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, BTIG Research lifted their target price on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and a consensus price target of $108.24.

Shift4 Payments Trading Up 1.7 %

Shares of Shift4 Payments stock opened at $120.18 on Monday. The business has a fifty day simple moving average of $108.32 and a 200-day simple moving average of $93.66. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 65.32, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $123.25. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the company’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 transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % 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 Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value 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 sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. 30.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Shift4 Payments

Several large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its holdings in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after purchasing an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after buying an additional 7,905 shares during the last quarter. Artemis Investment Management LLP boosted its stake 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 acquiring an additional 242,684 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after acquiring an additional 7,349 shares in the last quarter. 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.