Peregrine Capital Management LLC Trims Position in Shift4 Payments, Inc. (NYSE:FOUR)

Peregrine Capital Management LLC decreased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,143 shares of the company’s stock after selling 28,629 shares during the quarter. Peregrine Capital Management LLC’s holdings in Shift4 Payments were worth $9,459,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. raised its stake in shares of Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares in the last quarter. Jennison Associates LLC raised its position in Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after buying an additional 7,349 shares during the period. Finally, Chesapeake Capital Corp IL bought a new position in shares of Shift4 Payments during the 3rd quarter worth $552,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Up 1.4 %

NYSE:FOUR opened at $121.06 on Tuesday. The firm has a market capitalization of $10.91 billion, a P/E ratio of 65.79, a PEG ratio of 1.26 and a beta of 1.72. The company’s fifty day moving average price is $110.32 and its 200-day moving average price is $96.93. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $123.25. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Insider Transactions at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last quarter. 30.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. DA Davidson boosted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Piper Sandler raised their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.24.

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.