Sunday, June 26, 2022

Chairman & CEO Isaacman Jared acquire 27,728 shares of Shift4 Payments Inc. [FOUR]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Shift4 Payments Inc. shares valued at $876,205 were purchased by Isaacman Jared on Jun 16. At $31.60 per share, Isaacman Jared acquired 27,728 shares. The insider’s holdings grew to 362,470 shares worth approximately $12.75 million following the completion of this transaction.


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Also, Isaacman Jared purchased 35,958 shares, netting a total of over 1,739,758 in proceeds. Following the buying of shares at $48.38 each, the insider now holds 334,742 shares.

Before that, Isaacman Jared had added 82,000 shares to its account. In a trade valued at $4,050,439, the Chairman & CEO bought Shift4 Payments Inc. shares for $49.40 each. Upon closing the transaction, the insider’s holdings increased to 82,000 shares, worth approximately $7.21 million.

As published in their initiating research note from Goldman on May 18, 2022, Shift4 Payments Inc. [FOUR] has been a Neutral and the price target has been revised to $55. This represents a 36.05% premium over Thursday’s closing price. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid April. Earlier on April 05, 2022, MoffettNathanson initiated its rating. Their recommendation was “a Neutral” for FOUR stock.

Analyzing FOUR’s Price Performance

On Thursday, Shift4 Payments Inc. [NYSE: FOUR] rose 7.88% to $35.17. The stock’s lowest price that day was $32.90, but it reached a high of $35.31 in the same session. During the last five days, there has been a surge of approximately 6.16%. Over the course of the year, Shift4 Payments Inc. shares have dropped approximately -39.29%. Shares of the company reached a 52-week high of $66.86 on 04/04/22 and a 52-week low of $29.94 on 06/16/22. A 50-day SMA is recorded $46.28, while a 200-day SMA reached $57.32. Nevertheless, trading volume fell to 1.25 million shares from 1.78 million shares the previous day.

Support And Resistance Levels for Shift4 Payments Inc. (FOUR)

According to the 24-hour chart, there is a support level at 33.61, which, if violated, would cause prices to drop to 32.05. In the upper region, resistance lies at 36.02. The next price resistance is at 36.87. RSI (Relative Strength Index) is 39.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.68, which suggests the price will decrease in the coming days. Percent R is at 70.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Shift4 Payments Inc. subject to short interest?

Stocks of Shift4 Payments Inc. saw a sharp steep in short interest on May 30, 2022 dropping by -0.99 million shares to 11.14 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 12.13 million shares. A decline of -8.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.09 of the overall float, the days-to-cover ratio (short ratio) decline to 9.09.

Which companies own the most shares of Shift4 Payments Inc. (FOUR)?

According to Wellington Management Co. LLP filings, the company currently owns 6,099,955 shares, which is about 11.37% of the total FOUR shares outstanding. The investor’s shares have appreciated by 1,142,853 from its previous 13-F filing of 4957102.0 shares. With the completion of the buy transaction, Macquarie Investment Management B’s stake is now worth $264,102,871. The Vanguard Group, Inc. reduced a -2.91% interest valued at $202.18 million while Southpoint Capital Advisors LP purchased a 100,000 stake. A total of 285,676 shares of Shift4 Payments Inc. were bought by AllianceBernstein LP during the quarter, and 663,579 were bought by Durable Capital Partners LP. In its current portfolio, Fidelity Management & Research Co holds 2,946,079 shares valued at $134.49 million.

In terms of Shift4 Payments Inc. share price expectations, FactSet research, analysts set an average price target of $67.27 in the next 12 months, up nearly 99.39% from the previous closing price of $32.60. Analysts anticipate Shift4 Payments Inc. stock to reach $97.00 by 2022, with the lowest price target being $38.00. In spite of this, 16 analysts ranked Shift4 Payments Inc. stock as an Overweight at the end of 2022.

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