60,355 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the second quarter, HoldingsChannel.com reports. The fund bought 60,355 shares of the company’s stock, valued at approximately $4,099,000.

Several other hedge funds and other institutional investors have also modified their holdings of FOUR. Belpointe Asset Management LLC boosted its position in Shift4 Payments by 358.6% in the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock valued at $34,000 after buying an additional 355 shares in the last quarter. Fortis Capital Advisors LLC lifted its stake in shares of Shift4 Payments by 1,873.9% during the first quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock valued at $34,000 after acquiring an additional 431 shares during the period. Neo Ivy Capital Management bought a new position in Shift4 Payments in the second quarter valued at about $34,000. State of Wyoming acquired a new stake in Shift4 Payments in the fourth quarter worth about $36,000. Finally, IFP Advisors Inc raised its holdings in Shift4 Payments by 695.8% during the 2nd quarter. IFP Advisors Inc now owns 1,130 shares of the company’s stock worth $38,000 after purchasing an additional 988 shares during the last quarter. Institutional investors own 70.82% of the company’s stock.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $65.07, for a total transaction of $650,700.00. Following the sale, the chief financial officer now directly owns 273,170 shares of the company’s stock, valued at $17,775,171.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $65.07, for a total transaction of $650,700.00. Following the transaction, the chief financial officer now owns 273,170 shares of the company’s stock, valued at $17,775,171.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jordan Frankel sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $58.81, for a total value of $411,670.00. Following the completion of the sale, the insider now directly owns 223,218 shares of the company’s stock, valued at $13,127,450.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,000 shares of company stock valued at $1,353,920. 32.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FOUR shares. Truist Financial lowered their price target on shares of Shift4 Payments from $87.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Wells Fargo & Company upped their target price on shares of Shift4 Payments from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Raymond James raised their price target on Shift4 Payments from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Berenberg Bank initiated coverage on Shift4 Payments in a report on Friday, October 6th. They issued a “buy” rating and a $87.00 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Shift4 Payments in a report on Thursday, September 28th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.58.

Shift4 Payments Stock Down 0.1 %

NYSE:FOUR opened at $64.59 on Tuesday. Shift4 Payments, Inc. has a twelve month low of $41.25 and a twelve month high of $76.40. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32. The company has a quick ratio of 3.31, a current ratio of 3.32 and a debt-to-equity ratio of 3.23. The stock’s 50 day moving average price is $53.52 and its two-hundred day moving average price is $59.75.

Shift4 Payments 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.