Gateway Investment Advisers LLC Buys New Shares in Shift4 Payments, Inc. (NYSE:FOUR)

Gateway Investment Advisers LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 52,794 shares of the company's stock, valued at approximately $5,479,000. Gateway Investment Advisers LLC owned about 0.06% of Shift4 Payments as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Senator Investment Group LP raised its stake in Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock valued at $41,240,000 after buying an additional 555,737 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company's stock valued at $3,330,000 after acquiring an additional 7,905 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock valued at $43,666,000 after purchasing an additional 145,444 shares during the last quarter. Artemis Investment Management LLP boosted its stake in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock worth $40,532,000 after purchasing an additional 242,684 shares in the last quarter. Finally, Jennison Associates LLC grew 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 worth $251,098,000 after purchasing an additional 242,179 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the 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 directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments 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 in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. Company insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

NYSE FOUR traded up $6.98 during trading hours on Friday, hitting $114.13. 2,192,386 shares of the company's stock traded hands, compared to its average volume of 1,098,660. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The firm's 50-day moving average is $105.12 and its 200-day moving average is $89.49. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $116.84. The company has a market capitalization of $10.28 billion, a PE ratio of 62.03, a PEG ratio of 1.06 and a beta of 1.71.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of research reports. Bank of America cut Shift4 Payments from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. B. Riley upped their target price on Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Piper Sandler increased their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Stephens lifted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Finally, Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Six investment 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.com, Shift4 Payments has an average rating of "Moderate Buy" and an average target price of $106.90.

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.