Shift4 Payments, Inc. (NYSE:FOUR) Short Interest Update

Shift4 Payments, Inc. (NYSE:FOUR) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 7,000,000 shares, a growth of 6.9% from the December 31st total of 6,550,000 shares. Based on an average daily volume of 1,700,000 shares, the short-interest ratio is currently 4.1 days.

Analysts Set New Price Targets

FOUR has been the topic of several research analyst reports. The Goldman Sachs Group raised their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. B. Riley increased their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Piper Sandler upped their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research report on Monday. They issued a “hold” rating and a $120.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $108.24.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 over the last three months. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Shift4 Payments by 41.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after acquiring an additional 7,905 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of 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 purchasing an additional 242,684 shares in the last quarter. Jennison Associates LLC increased its position in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in Shift4 Payments by 86.5% during the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after purchasing an additional 7,349 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Down 2.0 %

Shares of FOUR traded down $2.38 during mid-day trading on Tuesday, reaching $116.85. The company had a trading volume of 237,914 shares, compared to its average volume of 1,227,919. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $123.25. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 63.64, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. The firm has a 50-day moving average price of $108.19 and a 200 day moving average price of $93.29.

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.