Legato Capital Management LLC Purchases New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Legato Capital Management LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,407 shares of the company's stock, valued at approximately $250,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $26,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments in the 4th quarter worth approximately $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments in the 4th quarter worth approximately $29,000. Waldron Private Wealth LLC bought a new stake in Shift4 Payments in the 3rd quarter worth approximately $25,000. Finally, Transcendent Capital Group LLC bought a new stake in Shift4 Payments in the 3rd quarter worth approximately $27,000. Institutional investors own 98.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. DA Davidson lifted 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, November 14th. Morgan Stanley lifted their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. B. Riley lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Oppenheimer lifted their price target on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.24.

Insider Buying and Selling at Shift4 Payments

In other news, insider David Taylor Lauber sold 5,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the sale, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

NYSE FOUR traded up $3.67 on Tuesday, reaching $124.95. The company had a trading volume of 1,344,281 shares, compared to its average volume of 1,203,090. 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 stock has a market capitalization of $11.26 billion, a PE ratio of 68.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.72. The firm's 50 day moving average price is $110.32 and its 200 day moving average price is $96.93. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $125.60.

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.