Oppenheimer & Co. Inc. Acquires 7,905 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Oppenheimer & Co. Inc. increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 26.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,580 shares of the company's stock after purchasing an additional 7,905 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Shift4 Payments were worth $3,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Shift4 Payments by 11,776.9% during 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 last quarter. Ensign Peak Advisors Inc boosted its holdings 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 buying an additional 1,078,115 shares during the period. Senator Investment Group LP increased its position in shares of Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock worth $41,240,000 after acquiring an additional 555,737 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Shift4 Payments by 21.7% during the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company's stock valued at $94,803,000 after acquiring an additional 255,741 shares during the period. Finally, Artemis Investment Management LLP lifted its position in shares of Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock valued at $40,532,000 after acquiring an additional 242,684 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on FOUR. Morgan Stanley boosted their target price on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Oppenheimer initiated coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an "outperform" rating and a $109.00 price target on the stock. Benchmark restated a "buy" rating and set a $99.00 price objective on shares of Shift4 Payments in a research report on Thursday, September 5th. Susquehanna upped their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a report on Wednesday. Finally, B. Riley raised their price target on shares of Shift4 Payments from $104.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.15.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares of the company's stock, valued at $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Stock Performance

Shift4 Payments stock traded down $1.77 on Friday, reaching $97.01. 1,268,335 shares of the stock were exchanged, compared to its average volume of 1,369,875. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $106.31. The firm has a fifty day moving average price of $90.75 and a two-hundred day moving average price of $77.76. The stock has a market cap of $8.60 billion, a PE ratio of 52.72, a PEG ratio of 1.18 and a beta of 1.64.

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.