2,372 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,372 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC bought a new position in Shift4 Payments in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments in the third quarter valued at about $27,000. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the fourth quarter valued at about $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the fourth quarter worth about $29,000. Finally, Toth Financial Advisory Corp acquired a new stake in Shift4 Payments in the 3rd quarter worth about $32,000. 98.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FOUR. Barclays initiated coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. B. Riley raised their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler upped their target price on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna raised their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods downgraded Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.90.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock valued at $1,211,364 in the last 90 days. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Down 0.8 %

Shares of FOUR opened at $116.55 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $119.28. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 63.34, a PEG ratio of 1.18 and a beta of 1.71. The stock has a fifty day moving average of $106.30 and a 200-day moving average of $90.67.

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.