Moody National Bank Trust Division Increases Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Moody National Bank Trust Division raised its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 86.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,849 shares of the company’s stock after purchasing an additional 7,349 shares during the period. Moody National Bank Trust Division’s holdings in Shift4 Payments were worth $1,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FOUR. Wasatch Advisors LP grew its position in Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Shift4 Payments by 9.3% in the third 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 during the period. Clearbridge Investments LLC boosted its stake in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock valued at $169,800,000 after purchasing an additional 235,355 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after purchasing an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after buying an additional 12,804 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FOUR. Oppenheimer raised their price target on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. BTIG Research lifted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stephens upped their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Finally, B. Riley raised their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.40.

Shift4 Payments Stock Down 2.1 %

FOUR opened at $102.27 on Tuesday. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $116.84. The firm has a market cap of $9.21 billion, a P/E ratio of 55.58, a PEG ratio of 1.31 and a beta of 1.71. The business’s fifty day simple moving average is $104.33 and its 200 day simple moving average is $88.78. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Insider Activity

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. 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 over the last 90 days. Insiders own 30.57% of the company’s stock.

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.