Truist Financial Boosts Shift4 Payments (NYSE:FOUR) Price Target to $87.00

Shift4 Payments (NYSE:FOUR – Get Rating) had its price target hoisted by Truist Financial from $80.00 to $87.00 in a report released on Thursday, The Fly reports.

Several other research analysts also recently commented on FOUR. Credit Suisse Group raised their price objective on shares of Shift4 Payments from $60.00 to $75.00 and gave the stock an outperform rating in a report on Wednesday, March 1st. Wolfe Research increased their target price on shares of Shift4 Payments from $55.00 to $70.00 in a research note on Thursday, January 5th. Citigroup increased their target price on shares of Shift4 Payments from $73.00 to $82.00 and gave the stock a buy rating in a research note on Thursday, March 2nd. The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $67.00 to $77.00 and gave the stock a buy rating in a research note on Wednesday, March 1st. Finally, Moffett Nathanson increased their target price on shares of Shift4 Payments to $50.00 in a research note on Friday, December 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $74.77.

Shift4 Payments Stock Down 2.9 %

FOUR opened at $67.14 on Thursday. The company has a 50 day moving average of $64.03 and a 200 day moving average of $53.14. The company has a market cap of $5.57 billion, a PE ratio of 62.17 and a beta of 1.21. Shift4 Payments has a 12 month low of $29.39 and a 12 month high of $73.62. The company has a current ratio of 3.70, a quick ratio of 3.68 and a debt-to-equity ratio of 3.62.

Insider Activity

In other news, insider Jordan Frankel sold 7,000 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $71.05, for a total transaction of $497,350.00. Following the sale, the insider now owns 267,753 shares in the company, valued at approximately $19,023,850.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $70.00, for a total value of $70,000.00. Following the transaction, the director now owns 5,720 shares in the company, valued at approximately $400,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jordan Frankel sold 7,000 shares of Shift4 Payments stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $71.05, for a total transaction of $497,350.00. Following the completion of the transaction, the insider now owns 267,753 shares in the company, valued at approximately $19,023,850.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,500 shares of company stock worth $674,825. 36.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in FOUR. Durable Capital Partners LP grew its holdings in Shift4 Payments by 34.8% in the 3rd quarter. Durable Capital Partners LP now owns 4,274,558 shares of the company’s stock worth $190,688,000 after acquiring an additional 1,103,925 shares during the last quarter. Summit Partners Public Asset Management LLC grew its holdings in Shift4 Payments by 4,010.4% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 534,355 shares of the company’s stock worth $29,886,000 after acquiring an additional 521,355 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Shift4 Payments by 2,078.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 392,469 shares of the company’s stock worth $21,951,000 after acquiring an additional 374,454 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Shift4 Payments by 210.2% in the 4th quarter. Victory Capital Management Inc. now owns 500,254 shares of the company’s stock worth $27,979,000 after acquiring an additional 338,963 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Shift4 Payments by 20.5% in the 3rd quarter. Jennison Associates LLC now owns 1,947,345 shares of the company’s stock worth $86,871,000 after acquiring an additional 331,352 shares during the last quarter. Hedge funds and other institutional investors own 66.89% of the company’s stock.

Shift4 Payments Company Profile

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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.