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

Shift4 Payments, Inc. (NYSE:FOUR) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 7,080,000 shares, a decrease of 8.4% from the October 31st total of 7,730,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is currently 5.1 days.

Shift4 Payments Trading Up 1.2 %

NYSE FOUR traded up $1.40 on Tuesday, hitting $114.15. 1,577,540 shares of the company were exchanged, compared to its average volume of 1,431,837. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $116.84. The company’s 50 day moving average price is $97.28 and its 200-day moving average price is $81.81. The firm has a market capitalization of $10.28 billion, a P/E ratio of 62.04, a price-to-earnings-growth ratio of 1.41 and a beta of 1.70. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of recent analyst reports. Morgan Stanley increased their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Oppenheimer began coverage on Shift4 Payments in a report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a report on Thursday, September 5th. B. Riley raised their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Piper Sandler boosted their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.15.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock valued at $3,226,675 in the last three months. Corporate insiders own 30.57% of the company’s stock.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of Shift4 Payments by 50.8% in the 3rd 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 period. The Manufacturers Life Insurance Company increased its stake in Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc lifted its position in Shift4 Payments by 6,185.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company’s stock worth $80,358,000 after buying an additional 1,078,115 shares in the last quarter. Senator Investment Group LP boosted its stake in shares of Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after buying an additional 555,737 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in shares of Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after buying an additional 242,684 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.