Shift4 Payments (NYSE:FOUR) Hits New 52-Week High at $79.10

Shift4 Payments, Inc. (NYSE:FOURGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $79.10 and last traded at $78.98, with a volume of 288349 shares. The stock had previously closed at $77.44.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FOUR shares. Piper Sandler reissued an “overweight” rating and set a $85.00 target price on shares of Shift4 Payments in a research note on Thursday, November 9th. The Goldman Sachs Group raised their price objective on Shift4 Payments from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Wells Fargo & Company raised their price objective on Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. DA Davidson raised their price objective on Shift4 Payments from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, Keefe, Bruyette & Woods initiated coverage on Shift4 Payments in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.20.

Read Our Latest Research Report on FOUR

Shift4 Payments Trading Up 2.1 %

The company has a quick ratio of 3.31, a current ratio of 3.32 and a debt-to-equity ratio of 3.23. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 46.37, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59. The business’s fifty day moving average is $72.78 and its two-hundred day moving average is $62.43.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $65.07, for a total value of $650,700.00. Following the transaction, the chief financial officer now directly owns 273,170 shares of the company’s stock, valued at $17,775,171.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $65.07, for a total value of $650,700.00. Following the sale, the chief financial officer now directly owns 273,170 shares of the company’s stock, valued at approximately $17,775,171.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of Shift4 Payments stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $65.04, for a total transaction of $65,040.00. Following the completion of the sale, the director now owns 7,717 shares in the company, valued at $501,913.68. The disclosure for this sale can be found here. Insiders own 32.14% of the company’s stock.

Institutional Trading of Shift4 Payments

Hedge funds and other institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC boosted its holdings in shares of Shift4 Payments by 358.6% during the 1st quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock worth $34,000 after buying an additional 355 shares during the period. Fortis Capital Advisors LLC boosted its holdings in Shift4 Payments by 1,873.9% in the 1st quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock valued at $34,000 after purchasing an additional 431 shares during the period. Quarry LP bought a new stake in Shift4 Payments in the 1st quarter valued at about $40,000. State of Wyoming bought a new stake in Shift4 Payments in the 4th quarter valued at about $36,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Shift4 Payments in the 3rd quarter valued at about $35,000. Institutional investors own 70.82% of the company’s stock.

Shift4 Payments Company Profile

(Get Free Report)

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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