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 $16.88 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 $9.54 million.
As published in their initiating research note from UBS on September 14, 2022, Shift4 Payments Inc. [FOUR] has been a Buy and the price target has been revised to $60. This represents a 22.4% premium over Wednesday’s closing price. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid May. As of April 19, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for FOUR.
Analyzing FOUR’s Price Performance
On Wednesday, Shift4 Payments Inc. [NYSE: FOUR] plunged -2.47% to $46.56. The stock’s lowest price that day was $46.54, but it reached a high of $49.64 in the same session. During the last five days, there has been a drop of approximately -4.49%. Over the course of the year, Shift4 Payments Inc. shares have dropped approximately -19.63%. Shares of the company reached a 52-week high of $66.86 on 04/04/22 and a 52-week low of $29.39 on 07/13/22. A 50-day SMA is recorded $42.99, while a 200-day SMA reached $48.23. Nevertheless, trading volume fell to 1.01 million shares from 0.71 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 45.52, which, if violated, would cause prices to drop to 44.48. In the upper region, resistance lies at 48.62. The next price resistance is at 50.68. RSI (Relative Strength Index) is 52.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 47.58%, indicating low price movement. Stochastics %K at holding 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 Jul 14, 2022 dropping by -0.9 million shares to 10.74 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.64 million shares. A decline of -8.38% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.71 of the overall float, the days-to-cover ratio (short ratio) decline to 7.71.
Which companies own the most shares of Shift4 Payments Inc. (FOUR)?
According to Wellington Management Co. LLP filings, the company currently owns 7,372,796 shares, which is about 14.43% of the total FOUR shares outstanding. The investor’s shares have appreciated by 1,272,841 from its previous 13-F filing of 6099955.0 shares. With the completion of the buy transaction, Macquarie Investment Management B’s stake is now worth $248,639,745. The Vanguard Group, Inc. acquire a 5.38% interest valued at $211.39 million while Durable Capital Partners LP purchased a 864,693 stake. A total of 152,093 shares of Shift4 Payments Inc. were bought by AllianceBernstein LP during the quarter, and -83,291 were sold by Fidelity Management & Research Co. In its current portfolio, BlackRock Fund Advisors holds 1,967,605 shares valued at $89.11 million.
In terms of Shift4 Payments Inc. share price expectations, FactSet research, analysts set an average price target of $60.00 in the next 12 months, up nearly 25.68% from the previous closing price of $47.74. Analysts anticipate Shift4 Payments Inc. stock to reach $97.00 by 2022, with the lowest price target being $30.00. In spite of this, 16 analysts ranked Shift4 Payments Inc. stock as an Overweight at the end of 2022. On April 05, 2022, MoffettNathanson assigned a price target of “a Neutral” to the stock and initiated coverage with a $70.