Shift4 Payments, Inc. (NYSE:FOUR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Shift4 Payments, Inc. (NYSE:FOUR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $92.25.

A number of equities research analysts recently weighed in on the company. Loop Capital set a $80.00 price objective on Shift4 Payments in a research report on Thursday, December 11th. Wells Fargo & Company decreased their price target on shares of Shift4 Payments from $82.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Royal Bank Of Canada lowered their price target on shares of Shift4 Payments from $127.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Shift4 Payments in a research note on Monday, December 29th. Finally, The Goldman Sachs Group decreased their target price on shares of Shift4 Payments from $95.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, November 7th.

Shift4 Payments Stock Up 0.8%

Shift4 Payments stock opened at $55.01 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.27. The firm has a market cap of $4.88 billion, a P/E ratio of 25.83, a P/E/G ratio of 0.47 and a beta of 1.63. The business has a fifty day moving average of $63.34 and a two-hundred day moving average of $73.96. Shift4 Payments has a twelve month low of $52.65 and a twelve month high of $127.50.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, Director Nancy Disman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.50, for a total value of $347,500.00. Following the completion of the sale, the director owned 130,420 shares of the company’s stock, valued at approximately $9,064,190. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Taylor Lauber sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $69.00, for a total value of $828,000.00. Following the sale, the chief executive officer owned 273,588 shares in the company, valued at $18,877,572. The trade was a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 25.15% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently bought and sold shares of FOUR. Mawer Investment Management Ltd. raised its holdings in Shift4 Payments by 66.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 178,318 shares of the company’s stock worth $13,802,000 after purchasing an additional 71,489 shares during the period. Jennison Associates LLC increased its position in shares of Shift4 Payments by 2.6% in the second quarter. Jennison Associates LLC now owns 1,636,924 shares of the company’s stock valued at $162,236,000 after buying an additional 41,548 shares in the last quarter. Rice Hall James & Associates LLC increased its position in shares of Shift4 Payments by 71.3% in the third quarter. Rice Hall James & Associates LLC now owns 584,231 shares of the company’s stock valued at $45,219,000 after buying an additional 243,161 shares in the last quarter. Maestria Partners LLC raised its stake in shares of Shift4 Payments by 36.6% during the 3rd quarter. Maestria Partners LLC now owns 372,423 shares of the company’s stock worth $28,826,000 after buying an additional 99,723 shares during the period. Finally, South Dakota Investment Council purchased a new position in shares of Shift4 Payments during the 2nd quarter valued at approximately $1,814,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company’s platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company’s core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.