MML Investors Services LLC Invests $1.30 Million in Shift4 Payments, Inc. (NYSE:FOUR)

MML Investors Services LLC bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 14,699 shares of the company's stock, valued at approximately $1,302,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Shift4 Payments during the second quarter worth $149,000. Coronation Fund Managers Ltd. purchased a new position in shares of Shift4 Payments in the 2nd quarter valued at about $1,378,000. Fifth Third Bancorp acquired a new position in shares of Shift4 Payments during the second quarter worth about $236,000. Avitas Wealth Management LLC increased its stake in shares of Shift4 Payments by 54.3% during the second quarter. Avitas Wealth Management LLC now owns 15,667 shares of the company's stock worth $1,149,000 after buying an additional 5,516 shares during the period. Finally, EdgeRock Capital LLC raised its holdings in Shift4 Payments by 17.7% in the second quarter. EdgeRock Capital LLC now owns 12,497 shares of the company's stock valued at $917,000 after acquiring an additional 1,881 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

Shares of FOUR traded up $2.13 during mid-day trading on Thursday, hitting $101.26. 1,481,047 shares of the company's stock were exchanged, compared to its average volume of 1,484,361. 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 fifty-two week low of $55.87 and a fifty-two week high of $116.84. The business's 50 day moving average is $100.15 and its two-hundred day moving average is $84.49. The firm has a market capitalization of $9.12 billion, a P/E ratio of 55.03, a P/E/G ratio of 1.30 and a beta of 1.70.

Wall Street Analyst Weigh In

Several research analysts have commented on FOUR shares. Barclays started coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an "overweight" rating and a $120.00 price target for the company. Susquehanna boosted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research note on Wednesday, November 13th. 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. Morgan Stanley upped their price objective on Shift4 Payments from $90.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, DA Davidson raised their target price on Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $105.52.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now directly owns 210,045 shares of the company's stock, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 37,089 shares of the company's stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock valued at $1,211,364 in the last ninety days. 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.