Insider Selling: Shift4 Payments, Inc. (NYSE:FOUR) Insider Sells $147,764.34 in Stock

Shift4 Payments, Inc. (NYSE:FOUR) insider James J. Whalen sold 1,462 shares of the firm’s 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 transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shift4 Payments Price Performance

FOUR stock opened at $100.55 on Friday. The company has a fifty day simple moving average of $99.18 and a two-hundred day simple moving average of $83.27. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $116.84. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $9.06 billion, a P/E ratio of 54.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Senator Investment Group LP raised its stake in shares of Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares during the period. Oppenheimer & Co. Inc. raised its position in Shift4 Payments by 26.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Shift4 Payments by 41.9% in 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. Artemis Investment Management LLP boosted its position in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after buying an additional 242,684 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after buying an additional 242,179 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. B. Riley lifted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. William Blair began coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Susquehanna lifted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Finally, Stephens increased their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.10.

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.