Short Interest in Shift4 Payments, Inc. (NYSE:FOUR) Drops By 8.4%

Shift4 Payments, Inc. (NYSE:FOUR) was the recipient of a significant decrease in short interest in the month of 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 trading volume, of 1,400,000 shares, the short-interest ratio is currently 5.1 days.

Shift4 Payments Trading Down 6.4 %

Shares of NYSE:FOUR traded down $7.31 during trading on Wednesday, reaching $106.84. 2,244,936 shares of the company traded hands, compared to its average volume of 1,434,390. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 62.04, a P/E/G ratio of 1.41 and a beta of 1.70. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $116.84. 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 business’s fifty day moving average is $97.28 and its 200-day moving average is $81.81.

Insider Activity

In other news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. This represents a 2.33 % 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 worth $3,226,675 over the last ninety days. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

Institutional investors have recently made changes to their positions in the stock. Senator Investment Group LP boosted its stake in shares of Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after acquiring an additional 7,905 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Artemis Investment Management LLP raised its holdings in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Piper Sandler upped their price objective 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. BTIG Research upped their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Morgan Stanley upped their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

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.