Shift4 Payments (NYSE:FOUR) Reaches New 52-Week High – Here’s Why

Shift4 Payments, Inc. (NYSE:FOUR)’s share price reached a new 52-week high on Thursday . The stock traded as high as $122.20 and last traded at $121.23, with a volume of 429683 shares changing hands. The stock had previously closed at $117.04.

Wall Street Analyst Weigh In

FOUR has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Shift4 Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Stephens raised their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Susquehanna upped their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. DA Davidson boosted their price target on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Piper Sandler boosted their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.90.

Shift4 Payments Trading Up 4.9 %

The firm has a market cap of $11.06 billion, a PE ratio of 66.74, a PEG ratio of 1.18 and a beta of 1.71. 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 business has a 50-day moving average price of $107.57 and a two-hundred day moving average price of $92.09.

Insider Buying and Selling at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was 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 directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOUR. Brown Brothers Harriman & Co. lifted its stake in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after purchasing an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares in the last quarter. Artemis Investment Management LLP grew its holdings in Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after acquiring an additional 242,684 shares during the period. Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Finally, Moody National Bank Trust Division grew its holdings in shares of Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after acquiring an additional 7,349 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.