Shift4 Payments, Inc. (NYSE:FOUR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $108.24.

FOUR has been the subject of several research analyst reports. Oppenheimer lifted their price target on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research note on Monday. They issued a “hold” rating and a $120.00 price target for the company. B. Riley boosted their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price for the company. in a research report on Monday, December 9th.

Shift4 Payments Trading Down 0.7 %

FOUR opened at $119.04 on Thursday. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $123.25. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company has a market cap of $10.73 billion, a P/E ratio of 64.69, a price-to-earnings-growth ratio of 1.22 and a beta of 1.71. The company has a fifty day moving average price of $108.03 and a two-hundred day moving average price of $92.92.

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James J. Whalen sold 1,462 shares of the 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 $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FOUR. Wasatch Advisors LP boosted its holdings in Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares during the period. Artemis Investment Management LLP boosted its holdings in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after buying an additional 242,684 shares during the period. Jennison Associates LLC boosted its holdings in Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares during the period. Clearbridge Investments LLC boosted its holdings in Shift4 Payments by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after buying an additional 235,355 shares during the period. Finally, Rice Hall James & Associates LLC boosted its holdings in Shift4 Payments by 799.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock worth $23,977,000 after buying an additional 205,361 shares during the period. 98.87% of the stock is owned by institutional investors.

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.