Shift4 Payments (NYSE:FOUR) Shares Up 5.2% After Analyst Upgrade

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) rose 5.2% on Thursday after Wells Fargo & Company raised their price target on the stock from $110.00 to $120.00. Wells Fargo & Company currently has an overweight rating on the stock. Shift4 Payments traded as high as $107.27 and last traded at $107.18. Approximately 429,382 shares traded hands during trading, a decline of 59% from the average daily volume of 1,038,212 shares. The stock had previously closed at $101.84.

Other analysts have also issued research reports about the company. Benchmark cut Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. The Goldman Sachs Group upped their price objective on Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. DA Davidson lifted their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an "outperform" rating to a "market perform" rating and set a $112.00 price target for the company. in a research report on Monday, December 9th. Finally, BTIG Research lifted their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.90.

Insider Buying and Selling

In related news, insider David Taylor Lauber sold 5,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the transaction, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares in the company, 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 quarter, insiders have sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

Hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. lifted its stake in shares of Shift4 Payments by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company's stock valued at $345,000 after purchasing an additional 119 shares during the period. Verdence Capital Advisors LLC increased its holdings in Shift4 Payments by 7.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock valued at $303,000 after buying an additional 243 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $28,000. UMB Bank n.a. purchased a new stake in shares of Shift4 Payments during the 4th quarter worth about $29,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Up 6.5 %

The company has a market cap of $10.28 billion, a price-to-earnings ratio of 62.03, a PEG ratio of 1.06 and a beta of 1.71. The business has a fifty day moving average of $104.85 and a two-hundred day moving average of $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.

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.