An Analysis of Shift4 Payments Inc. (FOUR)’s Potential Price Growth


Shift4 Payments Inc.’s recently made public that its Director Goldsmith-Grover Sarah unloaded Company’s shares for reported $70000.0 on Mar 03. In the deal valued at $70.00 per share,1,000 shares were sold. As a result of this transaction, Goldsmith-Grover Sarah now holds 5,720 shares worth roughly $ 0.39 million.

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Then, Disman Nancy sold 1,500 shares, generating $79,215 in total proceeds. Upon selling the shares at $52.81, the Chief Financial Officer now owns 342,818 shares.

Before that, Goldsmith-Grover Sarah sold 1,200 shares. Shift4 Payments Inc. shares valued at $62,472 were divested by the Director at a price of $52.06 per share. As a result of the transaction, Goldsmith-Grover Sarah now holds 6,720 shares, worth roughly $0.46 million.

Goldman upgraded its Shift4 Payments Inc. [FOUR] rating to a Buy from a a Neutral in a research note published on Tuesday, January 09, 2023; the price target was increased to $67 from $48. PT values the company’s stock at a premium of -1.9 to its Tuesday closing price. UBS began covering FOUR with “Buy” recommendation on September 14, 2022. Goldman started covering the stock on May 18, 2022. It rated FOUR as “a Neutral”.

Price Performance Review of FOUR

On Tuesday, Shift4 Payments Inc. [NYSE:FOUR] saw its stock fall -3.85% to $68.27. On the same session, the stock had its day’s lowest price of $67.31, but rose to a high of $71.90. Over the last five days, the stock has gained 5.84%. Shift4 Payments Inc. shares have risen nearly 22.06% since the year began. Nevertheless, the stocks have risen 55.30% over the past one year. While a 52-week high of $73.62 was reached on 03/06/23, a 52-week low of $29.39 was recorded on 01/03/23. SMA at 50 days reached $61.53, while 200 days put it at $47.92. A total of 1.84 million shares were traded, compared to the trading of 1.69 million shares in the previous session.

Levels Of Support And Resistance For FOUR Stock

The 24-hour chart illustrates a support level at 66.42, which if violated will result in even more drops to 64.57. On the upside, there is a resistance level at 71.01. A further resistance level may holdings at 73.75. The Relative Strength Index (RSI) on the 14-day chart is 58.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.23%. Stochastics %K at 84.29% indicates the stock is a selling.

How much short interest is there in Shift4 Payments Inc.?

A steep rise in short interest was recorded in Shift4 Payments Inc. stocks on Jan 30, 2023, dropping by -0.54 million shares to a total of 10.19 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 10.73 million shares. There was a decline of -5.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 25.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.62.

Shift4 Payments Inc. [FOUR] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 6,929,933 shares, or roughly 13.07% of the outstanding FOUR shares. In other words, the investor’s shares have fallen by -997,981 from its previous 13-F filing of 7927914.0. Additionally, Macquarie Investment Management B decreased -3.30% of its stake after which the total value it holdings stand at $332,303,368, while The Vanguard Group, Inc. added 4.46% of its stake to hold $303.43 million in the firm. Over the last quarter, Durable Capital Partners LP purchased 301,452 shares of Shift4 Payments Inc., while AllianceBernstein LP bought 179,965 shares. At present, Fidelity Management & Research Co is holding 2,984,475 shares valued at $191.13 million. Jennison Associates LLC owned 2,262,079 shares of the company at the time of its most recent 13F filing, worth $144.86 million.

According to FactSet, Shift4 Payments Inc.’s share price will average $75.53 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.86 percent from its previous closing price of $71.00. Analysts expect Shift4 Payments Inc. stock to reach the higher price of $97.00, while the lowest price estimate is $35.00. However, 18 analysts have rated FOUR stock as an Overweight in their predictions for 2023.


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