Shift4 Payments (NYSE:FOUR) Hits New 1-Year High – Time to Buy?

Shift4 Payments, Inc. (NYSE:FOUR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $117.00 and last traded at $116.34, with a volume of 1618255 shares changing hands. The stock had previously closed at $114.24.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. DA Davidson increased their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. B. Riley lifted their target price on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley lifted their price objective on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on shares of Shift4 Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Barclays began coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price for the company. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $106.90.

Shift4 Payments Price Performance

The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock has a market cap of $10.48 billion, a P/E ratio of 63.23, a P/E/G ratio of 1.16 and a beta of 1.71. The company’s 50 day moving average price is $105.30 and its 200-day moving average price is $90.01.

Insider Buying and Selling at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction 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 transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Waldron Private Wealth LLC bought a new stake in Shift4 Payments in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments during the third quarter valued at approximately $27,000. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the fourth quarter worth $28,000. UMB Bank n.a. bought a new position in Shift4 Payments in the 4th quarter valued at $29,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of Shift4 Payments during the 3rd quarter worth $32,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

About Shift4 Payments

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.