Artemis Investment Management LLP Sells 67,609 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Artemis Investment Management LLP reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 14.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 389,858 shares of the company's stock after selling 67,609 shares during the period. Artemis Investment Management LLP owned about 0.43% of Shift4 Payments worth $40,459,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Coronation Fund Managers Ltd. purchased a new stake in Shift4 Payments in the 2nd quarter valued at $1,378,000. Commonwealth Equity Services LLC raised its holdings in shares of Shift4 Payments by 18.7% in the second quarter. Commonwealth Equity Services LLC now owns 8,193 shares of the company's stock valued at $601,000 after purchasing an additional 1,291 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Shift4 Payments by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 68,454 shares of the company's stock valued at $5,021,000 after purchasing an additional 3,040 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Shift4 Payments by 35.3% during the second quarter. Dimensional Fund Advisors LP now owns 849,564 shares of the company's stock worth $62,315,000 after purchasing an additional 221,881 shares during the last quarter. Finally, Amalgamated Bank grew its position in Shift4 Payments by 217.2% in the 2nd quarter. Amalgamated Bank now owns 11,144 shares of the company's stock worth $817,000 after purchasing an additional 7,631 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Ratings Changes

FOUR has been the topic of a number of research analyst reports. Barclays initiated coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 target price on the stock. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Stephens raised their target price on Shift4 Payments from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. DA Davidson boosted their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and an average price target of $106.90.

Shift4 Payments Price Performance

FOUR traded up $6.98 during trading on Monday, reaching $114.13. 2,192,386 shares of the company were exchanged, compared to its average volume of 1,098,660. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 62.03, a P/E/G ratio of 1.06 and a beta of 1.71. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $116.84. The company's 50-day moving average is $105.12 and its two-hundred day moving average is $89.71.

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.