Oppenheimer Increases Shift4 Payments (NYSE:FOUR) Price Target to $121.00

Shift4 Payments (NYSE:FOUR) had its target price boosted by analysts at Oppenheimer from $120.00 to $121.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 16.89% from the company’s current price.

A number of other brokerages have also recently commented 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 report on Wednesday, November 13th. Morgan Stanley raised 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 note on Wednesday. The Goldman Sachs Group upped their target price 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. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research report on Monday, December 9th. Finally, Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $106.40.

Shift4 Payments Stock Up 2.2 %

NYSE:FOUR opened at $103.52 on Thursday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $116.84. The stock’s fifty day moving average is $100.29 and its two-hundred day moving average is $84.72. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 56.26, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70. 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 Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm’s 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 transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders 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 large investors have recently bought and sold shares of FOUR. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments during the third quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments during the third quarter worth $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments in the 3rd quarter valued at $56,000. Finally, Quarry LP acquired a new position in Shift4 Payments in the 2nd quarter valued at $60,000. Institutional investors and hedge funds 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.