Amalgamated Bank Increases Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Amalgamated Bank boosted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 716.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,139 shares of the company's stock after buying an additional 29,078 shares during the period. Amalgamated Bank's holdings in Shift4 Payments were worth $3,439,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments during the fourth quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments in the third quarter worth $27,000. Finally, Valley National Advisers Inc. bought a new position in Shift4 Payments in the 4th quarter valued at $31,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Price Performance

FOUR traded down $1.44 on Tuesday, reaching $94.77. The company had a trading volume of 1,339,440 shares, compared to its average volume of 1,837,327. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 1.04 and a beta of 1.72. The business has a 50 day simple moving average of $110.07 and a 200 day simple moving average of $99.06.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the business's stock in a transaction on 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 in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 30.57% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FOUR shares. DA Davidson decreased their price target on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Oppenheimer decreased their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Benchmark downgraded shares of Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. B. Riley lifted their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.05.

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.