Shift4 Payments, Inc. (NYSE:FOUR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have received an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $103.10.

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a report on Monday, December 9th. B. Riley lifted their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. BTIG Research increased their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, Stephens upped their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th.

Shift4 Payments Trading Down 0.3 %

FOUR opened at $103.38 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $116.84. The business’s 50 day moving average is $99.87 and its two-hundred day moving average is $84.27. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70.

Insider Activity

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on 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 approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,462 shares of company stock worth $1,211,364. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of large investors have recently made changes to their positions in FOUR. Senator Investment Group LP boosted its position in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after acquiring an additional 555,737 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Shift4 Payments by 41.9% during 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 during the last quarter. Artemis Investment Management LLP grew its position in shares of Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after purchasing an additional 242,684 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.