Oak Thistle LLC Makes New $480,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Oak Thistle LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,621 shares of the company's stock, valued at approximately $480,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coronation Fund Managers Ltd. acquired a new stake in Shift4 Payments during the second quarter worth about $1,378,000. Commonwealth Equity Services LLC lifted its stake in shares of Shift4 Payments by 18.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,193 shares of the company's stock valued at $601,000 after purchasing an additional 1,291 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Shift4 Payments by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 68,454 shares of the company's stock worth $5,021,000 after buying an additional 3,040 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in Shift4 Payments in the second quarter valued at $303,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Shift4 Payments by 35.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 849,564 shares of the company's stock worth $62,315,000 after acquiring an additional 221,881 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Trading Up 6.5 %

FOUR stock traded up $6.98 during midday trading on Friday, hitting $114.13. 2,192,386 shares of the company's stock were exchanged, compared to its average volume of 1,229,753. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $116.84. The business has a 50-day simple moving average of $104.85 and a two-hundred day simple moving average of $89.21. The stock has a market capitalization of $10.28 billion, a PE ratio of 62.03, a P/E/G 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.

Analysts Set New Price Targets

FOUR has been the topic of several research analyst reports. Oppenheimer raised their price objective on Shift4 Payments from $120.00 to $121.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. DA Davidson lifted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Susquehanna increased their price objective on Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a research note 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, B. Riley increased their target price on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.90.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company'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 transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now owns 210,045 shares of the company's stock, valued at approximately $23,884,216.95. This represents a 2.33 % 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. Company insiders own 30.57% of the company's stock.

Shift4 Payments 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.