Shift4 Payments (NYSE:FOUR) Price Target Raised to $110.00 at Wells Fargo & Company

Shift4 Payments (NYSE:FOUR) had its target price lifted by Wells Fargo & Company from $100.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 7.36% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Stephens upped their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Piper Sandler raised their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer initiated coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price for the company. DA Davidson increased their target price on Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley lifted their price target on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.10.

Shift4 Payments Price Performance

NYSE FOUR traded up $3.34 during trading hours on Wednesday, reaching $102.46. 1,202,260 shares of the stock traded hands, compared to its average volume of 1,364,917. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a 50 day simple moving average of $89.41 and a two-hundred day simple moving average of $77.05. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $106.31. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 56.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. The firm had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. On average, analysts predict that Shift4 Payments will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Senator Investment Group LP raised its stake in shares of Shift4 Payments by 8,551.1% in the second 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 last quarter. Forge First Asset Management Inc. bought a new stake in Shift4 Payments in the 1st quarter worth about $1,242,000. Artemis Investment Management LLP raised its position in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after buying an additional 242,684 shares during the last quarter. Bessemer Group Inc. lifted its stake in Shift4 Payments by 7.1% during the 1st quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock valued at $14,465,000 after acquiring an additional 14,438 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new stake in shares of Shift4 Payments during the 2nd quarter valued at about $1,378,000. 98.87% of the stock is owned by hedge funds and other 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.