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

Shift4 Payments, Inc. (NYSE:FOUR) was the target of a large 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 presently 4.1 days.

Insider Buying and Selling at Shift4 Payments

In related news, 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 value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 in the last 90 days. Insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Hedge funds have recently modified their holdings of the business. Wasatch Advisors LP boosted its position in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Jennison Associates LLC boosted its position in Shift4 Payments by 9.3% during the third 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 last quarter. Westfield Capital Management Co. LP boosted its position in Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the last quarter. Geode Capital Management LLC boosted its position in Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after purchasing an additional 53,610 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Shift4 Payments by 41.9% during the third 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. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FOUR shares. Oppenheimer boosted their target price on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. DA Davidson upped their target price on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays started coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective for the company. B. Riley upped their target price on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods lowered Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Shift4 Payments presently has an average rating of “Moderate Buy” and a consensus target price of $108.24.

Shift4 Payments Stock Down 1.0 %

Shares of FOUR traded down $1.14 during mid-day trading on Tuesday, reaching $118.08. The company’s stock had a trading volume of 352,384 shares, compared to its average volume of 1,233,673. The business has a fifty day moving average of $108.19 and a 200 day moving average of $93.29. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 64.13, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $123.25. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

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.