Piper Sandler Increases Shift4 Payments (NYSE:FOUR) Price Target to $120.00

Shift4 Payments (NYSE:FOUR) had its price target increased by stock analysts at Piper Sandler from $93.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 21.02% from the stock’s previous close.

A number of other research firms also recently issued reports on FOUR. Barclays started coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Morgan Stanley increased their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Oppenheimer started coverage on shares of Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price target for the company. Benchmark reissued a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Thursday, September 5th. Finally, Susquehanna increased their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.74.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $99.16 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 1.83. The firm has a 50-day moving average of $89.41 and a 200-day moving average of $77.05. The firm has a market cap of $8.79 billion, a P/E ratio of 60.10, a P/E/G ratio of 1.22 and a beta of 1.64. Shift4 Payments has a 1-year low of $55.87 and a 1-year high of $106.31.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Westfield Capital Management Co. LP boosted its stake in shares of Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Shift4 Payments by 0.9% during the 3rd quarter. Penserra Capital Management LLC now owns 118,615 shares of the company’s stock valued at $10,508,000 after purchasing an additional 1,063 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Shift4 Payments by 13.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company’s stock valued at $37,894,000 after purchasing an additional 50,664 shares during the period. King Luther Capital Management Corp raised its position in shares of Shift4 Payments by 54.5% during the 3rd quarter. King Luther Capital Management Corp now owns 46,638 shares of the company’s stock valued at $4,132,000 after purchasing an additional 16,460 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.