Shift4 Payments (NYSE:FOUR) Reaches New 12-Month High – Here’s What Happened

Shift4 Payments, Inc. (NYSE:FOUR)’s share price reached a new 52-week high on Thursday . The company traded as high as $107.60 and last traded at $107.42, with a volume of 1550623 shares changing hands. The stock had previously closed at $101.90.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Benchmark restated a “buy” rating and set a $99.00 price target on shares of Shift4 Payments in a research report on Thursday, September 5th. William Blair started coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They issued an “outperform” rating for the company. Stephens boosted their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. DA Davidson boosted their price objective 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. Finally, Susquehanna lifted their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Trading Up 0.5 %

The firm has a market capitalization of $9.89 billion, a P/E ratio of 59.69, a price-to-earnings-growth ratio of 1.36 and a beta of 1.64. The stock’s 50-day simple moving average is $93.35 and its two-hundred day simple moving average is $79.22. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Insider Activity at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on 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 sale, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nancy Disman sold 20,000 shares of the business’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 completion of the sale, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors have recently made changes to their positions in the company. Orion Capital Management LLC boosted its holdings in Shift4 Payments by 10.5% during the 3rd quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock valued at $748,000 after acquiring an additional 800 shares during the period. Geode Capital Management LLC grew its holdings in shares of Shift4 Payments by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock worth $93,797,000 after purchasing an additional 53,610 shares during the last quarter. M&T Bank Corp boosted its position in Shift4 Payments by 15.5% in the 3rd quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock valued at $349,000 after buying an additional 530 shares during the period. Public Employees Retirement System of Ohio boosted its position in Shift4 Payments by 246.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 79,321 shares of the company’s stock valued at $7,028,000 after buying an additional 56,410 shares during the period. Finally, MML Investors Services LLC bought a new position in Shift4 Payments in the 3rd quarter worth about $1,302,000. 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.