Shift4 Payments (NYSE:FOUR) Shares Gap Down – Time to Sell?

Shift4 Payments, Inc. (NYSE:FOUR) gapped down prior to trading on Wednesday . The stock had previously closed at $125.66, but opened at $115.00. Shift4 Payments shares last traded at $106.35, with a volume of 835,574 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. B. Riley boosted their target price on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler reissued an “overweight” rating and issued a $143.00 price objective (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday. DA Davidson raised their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods downgraded Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective on the stock. in a research report on Monday, December 9th. Finally, Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their target price for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.90.

Shift4 Payments Stock Down 16.5 %

The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 57.03, a PEG ratio of 1.28 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The business’s 50 day moving average is $110.87 and its 200 day moving average is $97.38.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 2.95 earnings per share for the current year.

Insider Activity

In related news, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Institutional Trading of Shift4 Payments

A number of hedge funds have recently modified their holdings of FOUR. Vanguard Group Inc. raised its position in Shift4 Payments by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock valued at $678,668,000 after acquiring an additional 562,774 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Shift4 Payments by 50.8% during the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Jennison Associates LLC grew its position in 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 period. Darlington Partners Capital Management LP increased its holdings in Shift4 Payments by 17.2% in the fourth quarter. Darlington Partners Capital Management LP now owns 2,510,014 shares of the company’s stock valued at $260,489,000 after buying an additional 367,500 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Shift4 Payments by 0.9% in 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 during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.