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

Shift4 Payments, Inc. (NYSE:FOUR) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 8,510,000 shares, a decrease of 5.4% from the September 30th total of 9,000,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is currently 6.5 days.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred on 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 sale, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently modified their holdings of the business. Waldron Private Wealth LLC bought a new position in Shift4 Payments during the 3rd quarter worth $25,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments during the 3rd quarter worth $32,000. J.Safra Asset Management Corp increased its position in shares of Shift4 Payments by 79.0% in the first quarter. J.Safra Asset Management Corp now owns 786 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the period. Financial Management Professionals Inc. acquired a new position in Shift4 Payments in the third quarter valued at about $56,000. Finally, Quarry LP acquired a new position in Shift4 Payments in the second quarter valued at about $60,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

FOUR traded down $0.14 during trading hours on Thursday, reaching $90.99. The company’s stock had a trading volume of 341,041 shares, compared to its average volume of 1,342,671. The company’s 50-day moving average is $86.79 and its 200-day moving average is $74.75. Shift4 Payments has a 52 week low of $43.76 and a 52 week high of $96.96. The firm has a market cap of $8.06 billion, a PE ratio of 61.16, a price-to-earnings-growth ratio of 1.00 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Thursday, August 8th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $320.60 million during the quarter, compared to analysts’ expectations of $314.10 million. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. Shift4 Payments’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS. On average, equities analysts forecast that Shift4 Payments will post 3.11 EPS for the current year.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of research reports. Barclays initiated coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price for the company. DA Davidson lifted their target price on Shift4 Payments from $104.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group upped their price target on Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. William Blair initiated coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating for the company. Finally, BTIG Research boosted 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. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $95.11.

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.