Wells Fargo & Company Boosts Shift4 Payments (NYSE:FOUR) Price Target to $120.00

Shift4 Payments (NYSE:FOUR) had its price target lifted by Wells Fargo & Company from $110.00 to $120.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 5.14% from the company’s previous close.

FOUR has been the topic of several other research reports. Barclays assumed coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Stephens upped their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods downgraded Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research report on Monday, December 9th. Piper Sandler boosted their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, DA Davidson raised their target price on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.90.

Shift4 Payments Trading Up 6.5 %

Shares of FOUR stock opened at $114.13 on Thursday. The firm has a market capitalization of $10.28 billion, a P/E ratio of 62.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $116.84. The firm’s fifty day simple moving average is $104.85 and its 200 day simple moving average is $89.21. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the company’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 transaction of $495,050.00. Following the transaction, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock valued at $1,211,364 in the last three months. 30.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FOUR. Avior Wealth Management LLC boosted its position in Shift4 Payments by 9.2% in the 4th quarter. Avior Wealth Management LLC now owns 5,107 shares of the company’s stock valued at $530,000 after buying an additional 432 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Shift4 Payments by 317.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,427 shares of the company’s stock valued at $1,705,000 after acquiring an additional 12,489 shares during the period. SG Americas Securities LLC bought a new position in Shift4 Payments in the fourth quarter valued at about $344,000. Global Trust Asset Management LLC increased its position in Shift4 Payments by 13.9% in the fourth quarter. Global Trust Asset Management LLC now owns 5,141 shares of the company’s stock worth $534,000 after purchasing an additional 629 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Shift4 Payments during the 4th quarter worth about $358,000. Institutional investors own 98.87% of the company’s stock.

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.