Shift4 Payments, Inc. (NYSE:FOUR) Receives $100.15 Consensus Target Price from Brokerages

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $100.15.

A number of equities analysts have recently commented on FOUR shares. Barclays started coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an "overweight" rating and a $120.00 price target for the company. Susquehanna boosted their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a report on Wednesday. Piper Sandler boosted their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday. William Blair started coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an "outperform" rating for the company. Finally, B. Riley boosted their price target on Shift4 Payments from $104.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $1.77 during trading on Friday, reaching $97.01. 1,268,335 shares of the company traded hands, compared to its average volume of 1,369,875. The company's 50 day moving average is $90.75 and its two-hundred day moving average is $77.62. The firm has a market capitalization of $8.60 billion, a PE ratio of 52.70, a PEG ratio of 1.18 and a beta of 1.64. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $106.31.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company's stock, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares of the company's stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company's stock.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company's stock valued at $93,797,000 after acquiring an additional 53,610 shares during the last quarter. M&T Bank Corp increased its position in shares of Shift4 Payments by 15.5% during the third quarter. M&T Bank Corp now owns 3,944 shares of the company's stock valued at $349,000 after acquiring an additional 530 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Shift4 Payments by 246.2% during the third quarter. Public Employees Retirement System of Ohio now owns 79,321 shares of the company's stock valued at $7,028,000 after acquiring an additional 56,410 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of Shift4 Payments during the third quarter valued at approximately $1,302,000. Finally, Main Management ETF Advisors LLC purchased a new stake in shares of Shift4 Payments during the third quarter valued at approximately $1,100,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.