Shift4 Payments, Inc. (NYSE:FOUR) Short Interest Down 8.1% in January

Shift4 Payments, Inc. (NYSE:FOUR) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 7,070,000 shares, a decrease of 8.1% from the January 15th total of 7,690,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is currently 3.9 days.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on 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 sale, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was 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 valued at $1,211,364 over the last ninety days. 30.57% of the stock is owned by company insiders.

Institutional Trading of Shift4 Payments

Several institutional investors and hedge funds have recently modified their holdings of FOUR. CWM LLC raised its holdings in shares of Shift4 Payments by 95.8% in the 3rd quarter. CWM LLC now owns 2,214 shares of the company’s stock valued at $196,000 after acquiring an additional 1,083 shares in the last quarter. Creative Planning purchased a new position in shares of Shift4 Payments during the 3rd quarter valued at about $293,000. Bleakley Financial Group LLC purchased a new position in shares of Shift4 Payments during the 3rd quarter valued at about $889,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Shift4 Payments by 245.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock valued at $14,294,000 after buying an additional 114,659 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Shift4 Payments during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

NYSE:FOUR opened at $126.04 on Wednesday. The business’s 50-day moving average price is $110.87 and its two-hundred day moving average price is $97.38. Shift4 Payments has a twelve month low of $55.87 and a twelve month high of $127.50. The stock has a market cap of $11.36 billion, a P/E ratio of 68.50, a PEG ratio of 1.26 and a beta of 1.72. 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 (NYSE:FOUR) last released its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 23.86% and a net margin of 4.04%. As a group, equities analysts predict that Shift4 Payments will post 2.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Oppenheimer increased their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Piper Sandler increased their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods lowered Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research report on Monday, December 9th. Finally, DA Davidson upped their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.24.

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.