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

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report)'s stock price gapped down before the market opened 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.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FOUR shares. Piper Sandler reaffirmed an "overweight" rating and set a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price target for the company. Oppenheimer decreased their price target on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday. Morgan Stanley upped their price target on Shift4 Payments from $90.00 to $109.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price target on Shift4 Payments from $116.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.19.

Shift4 Payments Price Performance

The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The business has a 50-day moving average price of $110.87 and a 200 day moving average price of $97.43. The stock has a market cap of $8.55 billion, a PE ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%. The firm had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company's stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company's stock.

Institutional Trading of Shift4 Payments

A number of institutional investors have recently added to or reduced their stakes in FOUR. Brown Brothers Harriman & Co. raised its holdings in shares of Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock valued at $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Shift4 Payments by 26.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company's stock valued at $3,330,000 after acquiring an additional 7,905 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after acquiring an additional 242,179 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock valued at $1,645,000 after acquiring an additional 7,349 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at about $812,000. Hedge funds and other 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.