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

Shift4 Payments (NYSE:FOUR - Get Free Report) 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 firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 11.89% from the company's current price.

FOUR has been the topic of a number of other research reports. B. Riley raised their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Piper Sandler increased their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. BTIG Research boosted their target price 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. Susquehanna lifted their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a report on Wednesday, November 13th. Finally, Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $106.90.

Shift4 Payments Trading Up 5.3 %

Shares of NYSE FOUR traded up $5.41 during trading hours on Thursday, hitting $107.25. 1,357,370 shares of the company traded hands, compared to its average volume of 1,133,477. Shift4 Payments has a 12 month low of $55.87 and a 12 month high of $116.84. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company's 50 day moving average price is $104.66 and its 200 day moving average price is $89.08. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company'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 $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the 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 transaction, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by insiders.

Institutional Trading of Shift4 Payments

A number of institutional investors and hedge funds have recently modified their holdings of FOUR. Wasatch Advisors LP raised its stake in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock worth $521,250,000 after acquiring an additional 1,980,940 shares during the period. The Manufacturers Life Insurance Company boosted its position in 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 valued at $126,947,000 after purchasing an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc grew its stake in 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 buying an additional 1,078,115 shares during the last quarter. Senator Investment Group LP increased its position in Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock worth $41,240,000 after buying an additional 555,737 shares during the period. Finally, Artemis Investment Management LLP lifted its stake 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 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.