Shift4 Payments (NYSE:FOUR) Shares Gap Up – Time to Buy?

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $97.01, but opened at $103.29. Shift4 Payments shares last traded at $100.96, with a volume of 1,069,323 shares trading hands.

Analyst Upgrades and Downgrades

FOUR has been the topic of a number of research analyst reports. B. Riley lifted their price target on shares of Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. 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. BTIG Research raised their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Susquehanna boosted their price objective 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 investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Stock Up 1.4 %

The firm’s fifty day simple moving average is $91.76 and its two-hundred day simple moving average is $78.50. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 55.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.64.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company’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 transaction of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % 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 insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds have recently made changes to their positions in the stock. Centaurus Financial Inc. lifted its stake in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after purchasing an additional 119 shares in the last quarter. First Dallas Securities Inc. grew its position in Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after acquiring an additional 200 shares in the last quarter. J.Safra Asset Management Corp grew its position in Shift4 Payments by 25.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after acquiring an additional 202 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Shift4 Payments by 3.3% during the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after purchasing an additional 210 shares during the period. Finally, CWM LLC increased its stake in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.