Shift4 Payments (NYSE:FOUR) Shares Gap Down – Should You Sell?

Shift4 Payments, Inc. (NYSE:FOUR)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $104.91, but opened at $98.00. Shift4 Payments shares last traded at $103.59, with a volume of 1,095,035 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FOUR. BTIG Research upped their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Stephens raised their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. William Blair assumed coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating for the company. Susquehanna lifted their price target on Shift4 Payments from $97.00 to $105.00 and gave the company a “positive” rating in a report on Monday, November 4th. Finally, Barclays initiated coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.53.

Shift4 Payments Stock Down 6.8 %

The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The firm has a market cap of $8.66 billion, a P/E ratio of 58.22, a P/E/G ratio of 1.16 and a beta of 1.64. The business has a fifty day moving average of $89.01 and a 200 day moving average of $76.76.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at $18,827,693.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FOUR. Charles Schwab Investment Management Inc. increased its stake in Shift4 Payments by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company’s stock worth $37,894,000 after purchasing an additional 50,664 shares during the period. King Luther Capital Management Corp raised its stake in Shift4 Payments by 54.5% in the third quarter. King Luther Capital Management Corp now owns 46,638 shares of the company’s stock worth $4,132,000 after buying an additional 16,460 shares in the last quarter. Jennison Associates LLC increased its position 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 worth $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Avior Wealth Management LLC grew its position in Shift4 Payments by 31.9% during the 3rd quarter. Avior Wealth Management LLC now owns 4,675 shares of the company’s stock worth $414,000 after purchasing an additional 1,130 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Shift4 Payments in the 3rd quarter valued at about $7,875,000. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Company Profile

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.