Shift4 Payments, Inc. (NYSE:FOUR) Short Interest Up 6.9% in January

Shift4 Payments, Inc. (NYSE:FOURGet Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 7,000,000 shares, an increase of 6.9% from the December 31st total of 6,550,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is presently 4.1 days.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was 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 owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,462 shares of company stock valued at $1,211,364. 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 the stock. Waldron Private Wealth LLC purchased a new position in Shift4 Payments in the third quarter worth $25,000. Heck Capital Advisors LLC acquired a new position in Shift4 Payments during the fourth quarter valued at $26,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments during the third quarter valued at $27,000. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $28,000. Finally, UMB Bank n.a. acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $29,000. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FOUR. DA Davidson raised their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Oppenheimer raised their price objective on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Finally, Stephens lifted their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.24.

Read Our Latest Report on FOUR

Shift4 Payments Trading Down 1.0 %

Shares of Shift4 Payments stock traded down $1.14 on Tuesday, hitting $118.08. 320,356 shares of the company traded hands, compared to its average volume of 1,231,030. The stock’s 50 day moving average price is $108.19 and its 200-day moving average price is $93.29. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $123.25. The company has a market cap of $10.64 billion, a PE ratio of 64.20, a PEG ratio of 1.22 and a beta of 1.72.

Shift4 Payments Company Profile

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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.

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