Shift4 Payments (NYSE:FOUR) Trading Up 5.2% Following Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR) shares traded up 5.2% on Thursday after Wells Fargo & Company raised their price target on the stock from $110.00 to $120.00. Wells Fargo & Company currently has an overweight rating on the stock. Shift4 Payments traded as high as $107.27 and last traded at $107.18. 429,382 shares traded hands during trading, a decline of 59% from the average session volume of 1,038,212 shares. The stock had previously closed at $101.84.

Several other equities research analysts have also issued reports on FOUR. Piper Sandler raised their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Stephens boosted their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Barclays initiated coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective for the company. DA Davidson increased their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Oppenheimer boosted their price target on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $106.90.

Insider Activity

In other news, insider James J. Whalen sold 1,462 shares of the 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 sale, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction on 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 of the company’s stock, 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. In the last three months, insiders have sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently modified their holdings of the company. Wasatch Advisors LP raised its position in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after acquiring an additional 235,355 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Up 5.4 %

The company’s fifty day simple moving average is $104.66 and its 200 day simple moving average is $89.08. The firm has a market capitalization of $9.67 billion, a P/E ratio of 58.36, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

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.