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

Shift4 Payments, Inc. (NYSE:FOUR)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $122.20 and last traded at $121.23, with a volume of 429683 shares. The stock had previously closed at $117.04.

Analyst Upgrades and Downgrades

FOUR has been the subject of several research reports. Barclays started coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. B. Riley raised their price target on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price target on shares of Shift4 Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Susquehanna increased their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.90.

Shift4 Payments Price Performance

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 stock has a market cap of $10.81 billion, a PE ratio of 65.22, a PEG ratio of 1.19 and a beta of 1.71. The stock has a 50 day moving average of $108.03 and a two-hundred day moving average of $92.63.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated 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 owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Brown Brothers Harriman & Co. raised its holdings in Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after acquiring an additional 145,444 shares during the period. Oppenheimer & Co. Inc. lifted its position in Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares during the period. Artemis Investment Management LLP increased its holdings in Shift4 Payments by 113.0% in 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. Jennison Associates LLC lifted its holdings in shares of Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares during the period. Finally, Moody National Bank Trust Division increased its stake in Shift4 Payments by 86.5% in the fourth quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock valued at $1,645,000 after acquiring an additional 7,349 shares during the period. Institutional investors 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.