Shift4 Payments (NYSE:FOUR) Shares Gap Up - Still a Buy?

Shares of Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $97.01, but opened at $103.29. Shift4 Payments shares last traded at $100.96, with a volume of 1,069,323 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FOUR. BTIG Research raised their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Benchmark restated a "buy" rating and issued a $99.00 price target on shares of Shift4 Payments in a research note on Thursday, September 5th. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Piper Sandler raised their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.15.

Shift4 Payments Trading Up 3.7 %

The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71. The firm has a fifty day simple moving average of $91.24 and a two-hundred day simple moving average of $78.20. The stock has a market cap of $8.91 billion, a PE ratio of 54.66, a PEG ratio of 1.17 and a beta of 1.64.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now owns 182,959 shares of the company's stock, valued at $14,874,566.70. The trade was a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Wasatch Advisors LP lifted its stake in shares of 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 during the period. Jennison Associates LLC boosted its holdings in 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 buying an additional 242,179 shares in the last quarter. Clearbridge Investments LLC grew its position in Shift4 Payments by 11.3% during 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 during the period. The Manufacturers Life Insurance Company increased its holdings in 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 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. 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.