Shift4 Payments, Inc. (NYSE:FOUR) Insider Sells $495,050.00 in Stock

Shift4 Payments, Inc. (NYSE:FOUR) insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were 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 approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Jordan Frankel also recently made the following trade(s):

• On Monday, September 16th, Jordan Frankel sold 12,500 shares of Shift4 Payments stock. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00.

Shift4 Payments Price Performance

FOUR opened at $101.90 on Friday. The stock has a market cap of $9.18 billion, a P/E ratio of 55.38, a P/E/G ratio of 1.30 and a beta of 1.70. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month 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 company has a fifty day simple moving average of $99.38 and a 200 day simple moving average of $83.51.

Institutional Investors Weigh In On Shift4 Payments

Large investors have recently modified their holdings of the business. Wasatch Advisors LP lifted its holdings in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. Jennison Associates LLC raised its holdings in Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares during the period. Clearbridge Investments LLC lifted its stake in Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after buying an additional 235,355 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FOUR shares. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. William Blair began coverage on Shift4 Payments in a report on Wednesday, September 4th. They set an “outperform” rating on the stock. DA Davidson increased 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 started coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price for the company. Finally, The Goldman Sachs Group lifted their price objective on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.