Amalgamated Bank Decreases Position in Shift4 Payments, Inc. (NYSE:FOUR)

Amalgamated Bank reduced its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 63.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,061 shares of the company's stock after selling 7,083 shares during the quarter. Amalgamated Bank's holdings in Shift4 Payments were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FOUR. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the third quarter valued at approximately $25,000. Toth Financial Advisory Corp acquired a new stake in shares of Shift4 Payments during the third quarter valued at approximately $32,000. Financial Management Professionals Inc. acquired a new stake in shares of Shift4 Payments during the third quarter valued at approximately $56,000. Quarry LP acquired a new position in Shift4 Payments in the 2nd quarter valued at approximately $60,000. Finally, J.Safra Asset Management Corp increased its stake in Shift4 Payments by 25.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company's stock valued at $72,000 after buying an additional 202 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FOUR has been the topic of several research reports. Benchmark reiterated a "buy" rating and issued a $99.00 price objective on shares of Shift4 Payments in a research note on Thursday, September 5th. William Blair assumed coverage on shares of Shift4 Payments in a research note on Wednesday, September 4th. They issued an "outperform" rating on the stock. DA Davidson boosted their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday. Stephens boosted their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, BTIG Research boosted their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $100.15.

Shift4 Payments Trading Up 3.7 %

FOUR stock traded up $3.61 during trading on Monday, hitting $100.62. The company had a trading volume of 4,227,474 shares, compared to its average volume of 1,382,732. The business has a 50-day moving average of $90.75 and a 200-day moving average of $77.90. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $106.31. The stock has a market cap of $8.91 billion, a PE ratio of 55.02, a PEG ratio of 1.17 and a beta of 1.64. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 20,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company's stock, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the stock in a transaction 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 owns 228,021 shares of the company's stock, valued at $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

Shift4 Payments 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.