B. Metzler seel. Sohn & Co. Holding AG Buys New Stake in Shift4 Payments, Inc. (NYSE:FOUR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 88,887 shares of the company's stock, valued at approximately $7,875,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.10% of Shift4 Payments at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in Shift4 Payments by 11,776.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company's stock worth $126,947,000 after purchasing an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc increased its holdings in Shift4 Payments by 6,185.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company's stock worth $80,358,000 after purchasing an additional 1,078,115 shares during the period. Senator Investment Group LP increased its holdings in Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. Janus Henderson Group PLC increased its holdings in Shift4 Payments by 21.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company's stock worth $94,803,000 after purchasing an additional 255,741 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in Shift4 Payments by 113.0% during 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 during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Price Performance

NYSE:FOUR traded down $0.15 during trading hours on Wednesday, hitting $101.90. 2,508,535 shares of the stock were exchanged, compared to its average volume of 1,430,156. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $106.31. The firm's fifty day moving average price is $92.24 and its 200 day moving average price is $78.66. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company has a market cap of $9.03 billion, a P/E ratio of 55.38, a P/E/G ratio of 1.17 and a beta of 1.64.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nancy Disman sold 20,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.57% of the company's stock.

Analyst Upgrades and Downgrades

FOUR has been the topic of a number of analyst reports. William Blair initiated coverage on Shift4 Payments in a report on Wednesday, September 4th. They issued an "outperform" rating on the stock. Wells Fargo & Company lifted their price target on Shift4 Payments from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Piper Sandler lifted their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price objective for the company. Finally, Susquehanna lifted their price target on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $100.15.

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.