Shift4 Payments (NYSE:FOUR) Shares Gap Up – Here’s What Happened

Shift4 Payments, Inc. (NYSE:FOUR)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $97.01, but opened at $103.29. Shift4 Payments shares last traded at $100.96, with a volume of 1,069,323 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FOUR. Morgan Stanley upped their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Oppenheimer started coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price target on the stock. Susquehanna boosted their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Barclays assumed coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock. Finally, B. Riley increased their price objective on shares of Shift4 Payments from $104.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.15.

Shift4 Payments Price Performance

The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 1.17 and a beta of 1.64. The company has a fifty day moving average price of $91.76 and a two-hundred day moving average price of $78.50.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by insiders.

Institutional Trading of Shift4 Payments

Several hedge funds have recently made changes to their positions in FOUR. Centaurus Financial Inc. raised its holdings in Shift4 Payments by 2.6% during the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after purchasing an additional 119 shares in the last quarter. First Dallas Securities Inc. increased its position in Shift4 Payments by 1.8% during the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp increased its position in Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after purchasing an additional 202 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after buying an additional 210 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Shift4 Payments by 27.1% in the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.