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

Ingalls & Snyder LLC lessened its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 20.3% during the fourth quarter, Holdings Channel reports. The firm owned 62,875 shares of the company’s stock after selling 15,969 shares during the period. Ingalls & Snyder LLC’s holdings in Shift4 Payments were worth $6,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its position in shares of Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. raised its stake in Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $44,000 after acquiring an additional 171 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after buying an additional 243 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the 4th quarter valued at $26,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shift4 Payments stock opened at $117.04 on Thursday. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $123.25. The firm has a 50-day moving average price of $108.92 and a 200-day moving average price of $95.48. The firm has a market capitalization of $10.55 billion, a PE ratio of 63.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.72. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. B. Riley lifted their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stephens upped their target price on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Susquehanna raised their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price for the company. in a research note on Monday, December 9th. Finally, Benchmark cut shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.24.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by corporate insiders.

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.