Shift4 Payments (NYSE:FOUR) Given New $109.00 Price Target at Morgan Stanley

Shift4 Payments (NYSE:FOUR) had its price objective increased by Morgan Stanley from $90.00 to $109.00 in a research report sent to investors on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms also recently commented on FOUR. Barclays started coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective on the stock. Susquehanna increased their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. DA Davidson boosted their price objective on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. William Blair started coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Finally, Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $104.95.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $1.28 on Wednesday, hitting $100.41. The company’s stock had a trading volume of 227,651 shares, compared to its average volume of 1,478,974. 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 one year low of $55.87 and a one year high of $116.84. The stock has a fifty day moving average of $99.98 and a two-hundred day moving average of $84.37. The firm has a market capitalization of $9.05 billion, a P/E ratio of 54.57, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70.

Insider Transactions at Shift4 Payments

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC acquired a new position in shares of Shift4 Payments in the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments during the 3rd quarter valued at $27,000. Toth Financial Advisory Corp acquired a new stake in Shift4 Payments in the third quarter worth $32,000. Financial Management Professionals Inc. acquired a new position in shares of Shift4 Payments during the third quarter valued at about $56,000. Finally, Quarry LP bought a new position in shares of Shift4 Payments during the 2nd quarter worth about $60,000. 98.87% of the stock is 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.