Shift4 Payments (NYSE:FOUR) Reaches New 12-Month High at $99.96


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Shift4 Payments, Inc. (NYSE:FOUR)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $99.96 and last traded at $99.21, with a volume of 20520 shares trading hands. The stock had previously closed at $94.41.

A number of brokerages recently issued reports on FOUR. Wolfe Research lowered Shift4 Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 6th. Morgan Stanley raised their price target on Shift4 Payments from $46.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 31st. Zacks Investment Research upgraded Shift4 Payments from a “sell” rating to a “hold” rating in a research note on Wednesday, March 10th. Evercore ISI raised their price target on Shift4 Payments from $75.00 to $101.00 and gave the company an “outperform” rating in a research note on Monday, March 8th. Finally, Bank of America upgraded Shift4 Payments from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 17th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.20.

The company has a fifty day moving average of $83.39 and a two-hundred day moving average of $71.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.82 and a current ratio of 3.83.

In related news, major shareholder Searchlight Capital Partners I sold 2,000,000 shares of Shift4 Payments stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $90.98, for a total transaction of $181,960,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc acquired a new position in Shift4 Payments in the 4th quarter valued at $48,000. International Assets Investment Management LLC acquired a new position in Shift4 Payments in the 4th quarter valued at $53,000. LPL Financial LLC raised its holdings in Shift4 Payments by 19.0% in the 4th quarter. LPL Financial LLC now owns 4,950 shares of the company’s stock valued at $373,000 after acquiring an additional 791 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Shift4 Payments by 269.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,144 shares of the company’s stock worth $86,000 after buying an additional 834 shares in the last quarter. Finally, Black Swift Group LLC acquired a new position in shares of Shift4 Payments during the 4th quarter worth $75,000. 33.36% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Company Profile (NYSE:FOUR)

Shift4 Payments, Inc 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.

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