Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) Insider Sells 1,462 Shares of Stock

Shift4 Payments, Inc. (NYSE:FOUR) insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shift4 Payments Price Performance

NYSE:FOUR traded down $4.40 during trading hours on Tuesday, hitting $98.50. The company’s stock had a trading volume of 2,108,471 shares, compared to its average volume of 1,474,076. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $116.84. 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 fifty day simple moving average of $98.49 and a 200-day simple moving average of $82.81. The company has a market capitalization of $8.88 billion, a P/E ratio of 55.96, a PEG ratio of 1.33 and a beta of 1.70.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FOUR. Susquehanna increased their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. BTIG Research raised their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays assumed coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective on the stock. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their target price for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.10.

Hedge Funds Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments during the 3rd quarter worth about $25,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in Shift4 Payments in the third quarter worth approximately $32,000. Financial Management Professionals Inc. bought a new position in Shift4 Payments in the third quarter worth approximately $56,000. Finally, Quarry LP acquired a new stake in Shift4 Payments in the second quarter valued at approximately $60,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.