Moody National Bank Trust Division Grows Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Moody National Bank Trust Division raised its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 86.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,849 shares of the company's stock after acquiring an additional 7,349 shares during the period. Moody National Bank Trust Division's holdings in Shift4 Payments were worth $1,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in FOUR. Wasatch Advisors LP raised its holdings in shares of Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock worth $521,250,000 after buying an additional 1,980,940 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company's stock valued at $126,947,000 after purchasing an additional 1,716,132 shares during the period. Ensign Peak Advisors Inc raised its stake in shares of Shift4 Payments by 6,185.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,095,546 shares of the company's stock worth $80,358,000 after purchasing an additional 1,078,115 shares during the last quarter. Senator Investment Group LP lifted its holdings in shares of Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock worth $40,532,000 after buying an additional 242,684 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FOUR. Barclays initiated coverage on shares of Shift4 Payments in a report on Wednesday, October 9th. They set an "overweight" rating and a $120.00 target price for the company. DA Davidson upped their target price on Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Piper Sandler lifted their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Benchmark cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Finally, Oppenheimer boosted their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $106.40.

Insider Buying and Selling at Shift4 Payments

In related 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 value of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm's 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 11,462 shares of company stock worth $1,211,364 over the last quarter. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Trading Down 0.0 %

FOUR traded down $0.03 during trading hours on Tuesday, reaching $102.31. The company's stock had a trading volume of 806,375 shares, compared to its average volume of 1,127,583. The stock has a market cap of $9.22 billion, a PE ratio of 55.60, a P/E/G ratio of 1.31 and a beta of 1.71. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $116.84. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The business's 50-day moving average is $104.57 and its 200-day moving average is $88.99.

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.