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 that occurred 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 completion of the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shift4 Payments Trading Down 1.1 %

Shares of Shift4 Payments stock traded down $1.25 on Monday, hitting $112.83. The stock had a trading volume of 628,072 shares, compared to its average volume of 1,429,342. The stock has a 50 day moving average of $96.21 and a 200 day moving average of $81.18. The firm has a market capitalization of $10.17 billion, a P/E ratio of 61.32, a PEG ratio of 1.42 and a beta of 1.64. 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 quick ratio of 2.97 and a current ratio of 2.98.

Wall Street Analyst Weigh In

FOUR has been the subject of a number of recent analyst reports. Stephens increased their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Piper Sandler lifted their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. DA Davidson boosted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley raised their price objective on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group lifted their price target 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. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

Hedge Funds Weigh In On Shift4 Payments

Several large investors have recently modified their holdings of the business. Tidal Investments LLC grew its position in shares of Shift4 Payments by 66.1% in the 3rd quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock valued at $714,000 after buying an additional 3,206 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Shift4 Payments during the third quarter valued at approximately $169,000. Orion Capital Management LLC lifted its stake in shares of Shift4 Payments by 10.5% in the third quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock valued at $748,000 after buying an additional 800 shares in the last quarter. Geode Capital Management LLC boosted its stake in Shift4 Payments by 5.3% during the 3rd 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 holdings in Shift4 Payments by 15.5% during the third quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock worth $349,000 after buying an additional 530 shares in the last quarter. Institutional investors 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.