Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC reduced its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,844 shares of the company’s stock after selling 4,408 shares during the period. Ingalls & Snyder LLC owned 0.09% of Shift4 Payments worth $6,986,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new position in Shift4 Payments in the third quarter valued at approximately $448,000. Centiva Capital LP increased its stake in Shift4 Payments by 104.3% in the third quarter. Centiva Capital LP now owns 8,504 shares of the company’s stock valued at $753,000 after purchasing an additional 4,342 shares during the last quarter. Wasatch Advisors LP increased its stake in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Captrust Financial Advisors increased its stake in Shift4 Payments by 63.5% in the third quarter. Captrust Financial Advisors now owns 14,615 shares of the company’s stock valued at $1,295,000 after purchasing an additional 5,674 shares during the last quarter. Finally, Corsair Capital Management L.P. increased its stake in Shift4 Payments by 7,515.1% in the third quarter. Corsair Capital Management L.P. now owns 5,559 shares of the company’s stock valued at $493,000 after purchasing an additional 5,486 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Price Performance

Shift4 Payments stock traded up $0.24 during midday trading on Tuesday, reaching $112.99. The company’s stock had a trading volume of 148,214 shares, compared to its average volume of 1,425,498. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $116.84. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The stock’s 50 day simple moving average is $96.21 and its 200 day simple moving average is $81.18. The firm has a market capitalization of $10.18 billion, a PE ratio of 61.28, a P/E/G ratio of 1.42 and a beta of 1.69.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FOUR shares. Benchmark restated a “buy” rating and set a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. Oppenheimer started coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Morgan Stanley raised their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, Barclays started coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the sale, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,500 shares of company stock valued at $3,226,675. 30.57% of the stock is owned by company insiders.

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.