Shift4 Payments (NYSE:FOUR) Price Target Raised to $109.00

Shift4 Payments (NYSE:FOUR) had its price target upped by equities research analysts at Morgan Stanley from $90.00 to $109.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 5.44% from the company’s current price.

FOUR has been the subject of several other reports. B. Riley increased their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company raised their price target on Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. DA Davidson increased 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. 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 research note on Wednesday, December 4th. Finally, Stephens increased their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.95.

Shift4 Payments Stock Down 0.3 %

FOUR stock opened at $103.38 on Wednesday. The company has a 50 day moving average of $99.87 and a two-hundred day moving average of $84.27. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 1.30 and a beta of 1.70. Shift4 Payments has a 12-month low of $55.87 and a 12-month 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.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The shares were 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 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 SEC, which can be accessed through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Several large investors have recently made changes to their positions in the company. Centaurus Financial Inc. boosted its position in Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after buying an additional 119 shares in the last quarter. First Dallas Securities Inc. boosted its holdings in shares of Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after acquiring an additional 200 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after acquiring an additional 210 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after purchasing an additional 243 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Shift4 Payments in the 3rd quarter valued at $25,000. Institutional investors 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.