Shift4 Payments, Inc. (NYSE:FOUR) Sees Large Growth in Short Interest

Shift4 Payments, Inc. (NYSE:FOUR) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 7,830,000 shares, a growth of 10.6% from the November 15th total of 7,080,000 shares. Based on an average trading volume of 1,590,000 shares, the short-interest ratio is presently 4.9 days.

Shift4 Payments Stock Up 1.9 %

FOUR stock opened at $103.82 on Tuesday. 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 stock has a market capitalization of $9.35 billion, a P/E ratio of 56.42, a P/E/G ratio of 1.30 and a beta of 1.70. Shift4 Payments has a fifty-two week low of $55.87 and a fifty-two week high of $116.84. The business has a 50-day moving average of $99.64 and a 200-day moving average of $84.01.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction on Monday, December 2nd. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last three months. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its position in Shift4 Payments by 66.1% during the 3rd quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock worth $714,000 after buying an additional 3,206 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Shift4 Payments in the third quarter valued at about $169,000. Orion Capital Management LLC raised its holdings in Shift4 Payments by 10.5% during the third quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock worth $748,000 after acquiring an additional 800 shares in the last quarter. Geode Capital Management LLC boosted its position in Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after purchasing an additional 53,610 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Shift4 Payments by 15.5% in the third quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock valued at $349,000 after purchasing an additional 530 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FOUR shares. DA Davidson raised their price objective on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays started coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target on the stock. Oppenheimer assumed coverage on Shift4 Payments in a research note on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective for the company. BTIG Research increased their target price on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Susquehanna raised their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.