Ingalls & Snyder LLC Has $6.53 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Ingalls & Snyder LLC cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,875 shares of the company's stock after selling 15,969 shares during the quarter. Ingalls & Snyder LLC owned about 0.07% of Shift4 Payments worth $6,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in Shift4 Payments in the second quarter valued at approximately $283,000. CWM LLC grew its stake in shares of Shift4 Payments by 95.8% in the third quarter. CWM LLC now owns 2,214 shares of the company's stock valued at $196,000 after buying an additional 1,083 shares in the last quarter. Creative Planning acquired a new stake in shares of Shift4 Payments in the third quarter valued at $293,000. Bleakley Financial Group LLC acquired a new position in Shift4 Payments during the 3rd quarter worth $889,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Shift4 Payments by 245.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company's stock worth $14,294,000 after purchasing an additional 114,659 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on FOUR shares. Morgan Stanley lifted their price target on Shift4 Payments from $90.00 to $109.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Oppenheimer boosted their target price on Shift4 Payments from $120.00 to $121.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods cut Shift4 Payments from an "outperform" rating to a "market perform" rating and set a $112.00 price target on the stock. in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Shift4 Payments in a research note on Monday, February 3rd. They issued a "hold" rating and a $120.00 target price on the stock. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $108.24.

Shift4 Payments Stock Performance

NYSE FOUR traded up $1.67 during trading hours on Friday, reaching $121.06. The company's stock had a trading volume of 1,093,629 shares, compared to its average volume of 1,157,150. The business has a 50-day simple moving average of $109.96 and a 200 day simple moving average of $96.34. The stock has a market cap of $10.91 billion, a PE ratio of 65.79, a PEG ratio of 1.26 and a beta of 1.72. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $123.25.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,462 shares of company stock valued at $1,211,364. Insiders own 30.57% of the company's stock.

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.