Shift4 Payments (NYSE:FOUR) Shares Gap Down – Should You Sell?

Shift4 Payments, Inc. (NYSE:FOUR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $104.91, but opened at $98.00. Shift4 Payments shares last traded at $103.59, with a volume of 1,095,035 shares trading hands.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. DA Davidson increased their price objective on shares of Shift4 Payments from $104.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. BTIG Research lifted their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Benchmark reissued a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.53.

Shift4 Payments Price Performance

The company has a debt-to-equity ratio of 1.83, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 58.22, a PEG ratio of 1.16 and a beta of 1.64. The stock’s 50 day simple moving average is $89.01 and its 200-day simple moving average is $76.76.

Insider Buying and Selling at Shift4 Payments

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments in the third quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Shift4 Payments in the third quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in Shift4 Payments in the third quarter valued at about $32,000. J.Safra Asset Management Corp raised its stake in Shift4 Payments by 79.0% during the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after acquiring an additional 347 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in Shift4 Payments during the third quarter worth about $56,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.