Shift4 Payments, Inc. (NYSE:FOUR) Insider Sells $568,550.00 in Stock

Shift4 Payments, Inc. (NYSE:FOUR) insider David Taylor Lauber sold 5,000 shares of the 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 transaction, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shift4 Payments Price Performance

NYSE FOUR traded down $1.25 on Monday, reaching $112.83. The company had a trading volume of 628,072 shares, compared to its average volume of 1,429,342. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $116.84. The firm’s 50 day moving average price is $96.21 and its 200 day moving average price is $81.18. The stock has a market capitalization of $10.17 billion, a PE ratio of 61.32, a price-to-earnings-growth ratio of 1.42 and a beta of 1.64.

Analysts Set New Price Targets

FOUR has been the subject of several analyst reports. Benchmark restated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. The Goldman Sachs Group boosted their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. William Blair assumed coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Morgan Stanley boosted their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Finally, BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FOUR. Wasatch Advisors LP raised its stake in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Shift4 Payments by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after buying an additional 235,355 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in Shift4 Payments by 0.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.