HighTower Advisors LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

HighTower Advisors LLC bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,008 shares of the company's stock, valued at approximately $448,000.

Several other institutional investors and hedge funds have also bought and sold shares of FOUR. Centaurus Financial Inc. grew its position in shares of Shift4 Payments by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company's stock valued at $345,000 after acquiring an additional 119 shares during the period. First Dallas Securities Inc. grew its holdings in Shift4 Payments by 1.8% during the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company's stock valued at $844,000 after purchasing an additional 200 shares during the period. Crossmark Global Holdings Inc. increased its position in Shift4 Payments by 3.3% in the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company's stock worth $477,000 after buying an additional 210 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Shift4 Payments by 7.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock worth $303,000 after buying an additional 243 shares during the period. Finally, Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments during the 3rd quarter valued at about $25,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares of the company's stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last 90 days. 30.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FOUR shares. B. Riley increased their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Bank of America cut shares of Shift4 Payments from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Barclays started coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an "overweight" rating and a $120.00 target price on the stock. Keefe, Bruyette & Woods downgraded 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 report on Monday, December 9th. Finally, Morgan Stanley raised their price target on Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and a consensus price target of $106.40.

Shift4 Payments Price Performance

Shares of FOUR stock traded up $2.26 on Friday, reaching $103.52. The company's stock had a trading volume of 2,443,089 shares, compared to its average volume of 1,488,259. The stock's fifty day simple moving average is $100.29 and its 200-day simple moving average is $84.82. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $116.84. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 56.26, a price-to-earnings-growth ratio of 1.30 and a beta of 1.70. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Shift4 Payments Company 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.