Shift4 Payments, Inc. (NYSE:FOUR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have earned an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $106.40.

FOUR has been the subject of a number of research reports. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their target price for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Piper Sandler lifted their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group upped their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Oppenheimer increased their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Insider Activity

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 5th. The stock was 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors have recently made changes to their positions in the company. Senator Investment Group LP raised its position in Shift4 Payments by 8,551.1% in the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. Oppenheimer & Co. Inc. raised its holdings 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 period. Brown Brothers Harriman & Co. lifted its stake in shares of Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares during the period. Finally, Jennison Associates LLC grew its position in Shift4 Payments by 9.3% in 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. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Up 0.5 %

Shift4 Payments stock opened at $106.41 on Friday. The business has a 50-day simple moving average of $103.80 and a two-hundred day simple moving average of $88.10. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $116.84. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The company has a market cap of $9.59 billion, a P/E ratio of 57.83, a P/E/G ratio of 1.31 and a beta of 1.71.

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.