Redhawk Wealth Advisors Inc. Takes $1.14 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Redhawk Wealth Advisors Inc. bought a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,969 shares of the company's stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FOUR. Centaurus Financial Inc. grew its holdings in shares of Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company's stock worth $345,000 after purchasing an additional 119 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Shift4 Payments by 7.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock valued at $303,000 after acquiring an additional 243 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Shift4 Payments in the fourth quarter worth about $28,000. Waldron Private Wealth LLC purchased a new position in Shift4 Payments during the 3rd quarter valued at about $25,000. Finally, Transcendent Capital Group LLC bought a new position in Shift4 Payments during the 3rd quarter valued at approximately $27,000. 98.87% of the stock is currently owned by institutional investors.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the 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 transaction, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 in the last ninety days. Insiders own 30.57% of the company's stock.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $5.41 during trading hours on Thursday, reaching $107.25. The company had a trading volume of 1,357,370 shares, compared to its average volume of 1,133,477. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 58.29, a PEG 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. The firm's 50 day moving average price is $104.66 and its 200-day moving average price is $89.08. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $116.84.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FOUR shares. Stephens lifted their price objective on Shift4 Payments from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. BTIG Research increased their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. DA Davidson boosted their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Wells Fargo & Company lifted their price target on shares of Shift4 Payments from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Oppenheimer lifted their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of "Moderate Buy" and an average price target of $106.90.

About Shift4 Payments

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.