Shift4 Payments, Inc. (NYSE:FOUR) Insider Sells $147,764.34 in Stock

Shift4 Payments, Inc. (NYSE:FOUR) insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shift4 Payments Trading Down 4.3 %

Shares of FOUR stock traded down $4.40 during trading hours on Tuesday, hitting $98.50. The company had a trading volume of 2,108,471 shares, compared to its average volume of 1,474,076. The company’s fifty day moving average is $98.49 and its 200 day moving average is $82.81. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $116.84. The stock has a market capitalization of $8.88 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 1.33 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.

Institutional Trading of Shift4 Payments

A number of hedge funds and other institutional investors have recently bought and sold shares of FOUR. Tidal Investments LLC increased its stake in Shift4 Payments by 66.1% in the third quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock valued at $714,000 after purchasing an additional 3,206 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $169,000. Orion Capital Management LLC boosted its stake in shares of Shift4 Payments by 10.5% during the 3rd quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock worth $748,000 after purchasing an additional 800 shares during the last quarter. Geode Capital Management LLC raised its position 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 valued at $93,797,000 after buying an additional 53,610 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Shift4 Payments by 15.5% during the 3rd quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock worth $349,000 after purchasing an additional 530 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on FOUR shares. Benchmark downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Oppenheimer began coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. BTIG Research lifted their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Stephens upped their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $103.10.

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.