Shift4 Payments, Inc. (NYSE:FOUR) Short Interest Update

Shift4 Payments, Inc. (NYSE:FOUR) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 7,000,000 shares, a growth of 6.9% from the December 15th total of 6,550,000 shares. Based on an average daily volume of 1,700,000 shares, the short-interest ratio is currently 4.1 days.

Shift4 Payments Stock Up 6.5 %

Shares of NYSE:FOUR opened at $114.13 on Tuesday. Shift4 Payments has a 1 year low of $55.87 and a 1 year high of $116.84. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The business’s 50-day moving average is $105.12 and its 200-day moving average is $89.71. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 62.03, a P/E/G ratio of 1.06 and a beta of 1.71.

Analyst Ratings Changes

A number of research firms have issued reports on FOUR. Oppenheimer lifted their target price on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. BTIG Research increased their price objective 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. Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Piper Sandler increased their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.90.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,462 shares of company stock worth $1,211,364. Company insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Waldron Private Wealth LLC bought a new stake in Shift4 Payments in the third quarter valued at $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the 3rd quarter valued at about $27,000. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments during the 4th quarter worth approximately $28,000. UMB Bank n.a. bought a new position in Shift4 Payments in the fourth quarter worth approximately $29,000. Finally, Toth Financial Advisory Corp acquired a new stake in Shift4 Payments in the third quarter valued at approximately $32,000. 98.87% of the stock is owned by institutional investors.

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.