Fifth Third Wealth Advisors LLC Buys New Shares in Shift4 Payments, Inc. (NYSE:FOUR)

Fifth Third Wealth Advisors LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,365 shares of the company's stock, valued at approximately $245,000.

Several other institutional investors have also modified their holdings of FOUR. Waldron Private Wealth LLC bought a new position in Shift4 Payments during the 3rd quarter valued at $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the 3rd quarter valued at $27,000. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments during the fourth quarter valued at approximately $28,000. Toth Financial Advisory Corp bought a new position in shares of Shift4 Payments in the third quarter worth about $32,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments in the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Insiders Place Their Bets

In related news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred 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 transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were 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 in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company's stock.

Shift4 Payments Stock Up 6.5 %

Shares of FOUR traded up $6.98 on Friday, reaching $114.13. The company's stock had a trading volume of 2,192,386 shares, compared to its average volume of 1,098,660. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $116.84. The stock 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. 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 firm has a fifty day moving average of $105.12 and a 200-day moving average of $89.49.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FOUR shares. Benchmark cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Oppenheimer raised their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. BTIG Research raised their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Piper Sandler raised their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Finally, Bank of America cut shares of Shift4 Payments from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $106.90.

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.