Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Shift4 Payments (NYSE:FOUR - Get Free Report) had its target price increased by analysts at Morgan Stanley from $90.00 to $109.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price suggests a potential upside of 9.96% from the company's previous close.

Several other research analysts also recently commented on the stock. Piper Sandler lifted their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. DA Davidson lifted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Keefe, Bruyette & Woods lowered 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. The Goldman Sachs Group raised their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Oppenheimer assumed coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $109.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and an average price target of $104.95.

Shift4 Payments Stock Performance

NYSE FOUR traded down $4.36 during trading on Wednesday, hitting $99.13. 2,635,141 shares of the company's stock traded hands, compared to its average volume of 1,484,353. The business has a 50 day moving average of $99.87 and a 200-day moving average of $84.27. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $116.84. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 53.88, a PEG ratio of 1.30 and a beta of 1.70. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated 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 directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the 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 sale, the insider now owns 37,089 shares of the company's stock, 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. Insiders have sold 11,462 shares of company stock valued at $1,211,364 in the last quarter. 30.57% of the stock is owned by insiders.

Institutional Trading of Shift4 Payments

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of Shift4 Payments by 66.1% in the third quarter. Tidal Investments LLC now owns 8,057 shares of the company's stock worth $714,000 after acquiring an additional 3,206 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Shift4 Payments in the third quarter worth approximately $169,000. Orion Capital Management LLC boosted its stake in shares of Shift4 Payments by 10.5% in the third quarter. Orion Capital Management LLC now owns 8,445 shares of the company's stock worth $748,000 after acquiring an additional 800 shares during the last quarter. Geode Capital Management LLC lifted its position in Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company's stock worth $93,797,000 after buying an additional 53,610 shares in the last quarter. Finally, M&T Bank Corp lifted its position in Shift4 Payments by 15.5% during the third quarter. M&T Bank Corp now owns 3,944 shares of the company's stock worth $349,000 after buying an additional 530 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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.