Short Interest in Shift4 Payments, Inc. (NYSE:FOUR) Increases By 17.3%

by · The Cerbat Gem

Shift4 Payments, Inc. (NYSE:FOUR – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 9,000,000 shares, a growth of 17.3% from the September 15th total of 7,670,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 6.5 days.

Shift4 Payments Trading Up 1.2 %

Shift4 Payments stock traded up $1.11 during trading hours on Wednesday, reaching $95.24. 1,261,278 shares of the company’s stock traded hands, compared to its average volume of 1,376,360. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 63.19, a PEG ratio of 1.01 and a beta of 1.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.34 and a current ratio of 1.35. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $96.90. The firm’s 50 day moving average is $82.99 and its 200-day moving average is $72.76.

Shift4 Payments (NYSE:FOUR – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Shift4 Payments had a net margin of 3.64% and a return on equity of 24.19%. The business had revenue of $320.60 million for the quarter, compared to analyst estimates of $314.10 million. During the same period in the prior year, the business posted $0.58 earnings per share. Shift4 Payments’s revenue was up 40.6% compared to the same quarter last year. On average, analysts predict that Shift4 Payments will post 3.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

Institutional Investors Weigh In On Shift4 Payments

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Shift4 Payments by 24.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,718 shares of the company’s stock worth $1,540,000 after buying an additional 4,101 shares during the last quarter. Insight Wealth Strategies LLC bought a new position in Shift4 Payments during the 1st quarter worth approximately $660,000. First Hawaiian Bank boosted its stake in Shift4 Payments by 16.1% during the 1st quarter. First Hawaiian Bank now owns 6,615 shares of the company’s stock worth $437,000 after acquiring an additional 915 shares during the last quarter. City Holding Co. acquired a new position in Shift4 Payments during the first quarter valued at approximately $1,272,000. Finally, Global Trust Asset Management LLC bought a new stake in Shift4 Payments in the first quarter valued at approximately $214,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. DA Davidson raised their target price on Shift4 Payments from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley boosted their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $96.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday. William Blair began coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company boosted their target price on Shift4 Payments from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.40.

Get Our Latest Analysis on Shift4 Payments

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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