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

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

FOUR has been the topic of several other reports. Barclays began coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Stephens upped their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday. B. Riley upped their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $106.40.

Shift4 Payments Stock Up 2.2 %

Shift4 Payments stock opened at $103.52 on Thursday. The stock’s 50 day moving average price is $100.29 and its 200 day moving average price is $84.72. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $116.84. The company has a market cap of $9.33 billion, a PE ratio of 56.26, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated 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. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP grew its position in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock worth $126,947,000 after purchasing an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc grew its holdings in shares of Shift4 Payments by 6,185.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after purchasing an additional 1,078,115 shares during the period. Senator Investment Group LP increased its position in Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares in the last quarter. Finally, Artemis Investment Management LLP raised its holdings in Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after buying an additional 242,684 shares during the period. 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.