Shift4 Payments (NYSE:FOUR) Reaches New 12-Month High Following Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR)’s share price reached a new 52-week high during trading on Wednesday after B. Riley raised their price target on the stock from $110.00 to $150.00. B. Riley currently has a buy rating on the stock. Shift4 Payments traded as high as $113.88 and last traded at $112.64, with a volume of 207376 shares. The stock had previously closed at $111.70.

Several other research analysts have also recently weighed in on the company. William Blair began coverage on Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Piper Sandler upped their price objective on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their target price on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Oppenheimer initiated coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new stake in shares of Shift4 Payments in the third quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments in the third quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new stake in Shift4 Payments during the third quarter worth about $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments during the third quarter worth about $56,000. Finally, Quarry LP acquired a new position in Shift4 Payments in the 2nd quarter valued at about $60,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

The firm’s 50 day moving average price is $94.46 and its two-hundred day moving average price is $80.18. The firm has a market cap of $10.08 billion, a PE ratio of 60.67, a PEG ratio of 1.39 and a beta of 1.64. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

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.