Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Oppenheimer Analyst Says

Shift4 Payments (NYSE:FOUR) had its price target hoisted by research analysts at Oppenheimer from $120.00 to $121.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 19.19% from the company’s previous close.

FOUR has been the subject of a number of other research reports. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their target price for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Piper Sandler raised their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. B. Riley boosted their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, DA Davidson raised their price objective on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.52.

Shift4 Payments Stock Up 2.4 %

Shares of FOUR traded up $2.39 during mid-day trading on Thursday, reaching $101.52. The company’s stock had a trading volume of 567,855 shares, compared to its average volume of 1,480,554. 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 $9.15 billion, a price-to-earnings ratio of 55.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70. The business has a fifty day moving average of $99.98 and a 200 day moving average of $84.37. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $116.84.

Insider Activity

In other news, 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 transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Shift4 Payments

Several large investors have recently modified their holdings of FOUR. Tidal Investments LLC grew its stake in Shift4 Payments by 66.1% in the 3rd quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock valued at $714,000 after buying an additional 3,206 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Shift4 Payments in the 3rd quarter valued at $169,000. Orion Capital Management LLC increased its position in Shift4 Payments by 10.5% during the 3rd quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock worth $748,000 after buying an additional 800 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after buying an additional 53,610 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Shift4 Payments by 15.5% in the third quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock valued at $349,000 after acquiring an additional 530 shares during the period. 98.87% of the stock is owned by institutional investors.

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.