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

Shift4 Payments, Inc. (NYSE:FOUR) has been given an average recommendation of “Moderate Buy” by the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $108.24.

Several research analysts have issued reports on FOUR shares. DA Davidson upped 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. Wells Fargo & Company upped their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley upped their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Piper Sandler increased their target price on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the firm’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 transaction, 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 disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last three months. Insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its position in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Jennison Associates LLC boosted its position in 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 buying an additional 242,179 shares in the last quarter. Clearbridge Investments LLC boosted its position in Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after buying an additional 235,355 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after buying an additional 12,804 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Shift4 Payments by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after buying an additional 53,610 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Stock Down 0.7 %

Shares of FOUR opened at $119.04 on Thursday. The company has a market capitalization of $10.73 billion, a P/E ratio of 64.69, a PEG ratio of 1.22 and a beta of 1.71. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. Shift4 Payments has a one year low of $55.87 and a one year high of $123.25. The business’s 50 day simple moving average is $108.03 and its 200-day simple moving average is $92.92.

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.