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Shift4 Payments (FOUR) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Tue Mar 24, 5:58AM CDT

Wells Fargo analyst maintained a Hold rating on Shift4 Payments today and set a price target of $63.00.

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In addition to Wells Fargo, Shift4 Payments also received a Hold from Evercore ISI’s Adam Frisch in a report issued on March 20. However, on March 11, BTIG assigned a Buy rating to Shift4 Payments (NYSE: FOUR).

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Based on Shift4 Payments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.19 billion and a net profit of $25 million. In comparison, last year the company earned a revenue of $887 million and had a net profit of $116 million

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FOUR in relation to earlier this year. Earlier this month, Jared Isaacman, a Major Shareholder at FOUR bought 43,827.00 shares for a total of $2,004,646.98.

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