Sovran Advisors LLC Invests $293,000 in Shift4 Payments, Inc. (NYSE:FOUR)

Sovran Advisors LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,867 shares of the company's stock, valued at approximately $293,000.

A number of other large investors have also modified their holdings of FOUR. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments during the 4th quarter valued at approximately $26,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments during the 3rd quarter valued at approximately $27,000. Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments during the 4th quarter valued at approximately $28,000. Finally, UMB Bank n.a. acquired a new position in Shift4 Payments during the fourth quarter worth $29,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FOUR. B. Riley upped their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods cut Shift4 Payments from an "outperform" rating to a "market perform" rating and set a $112.00 price objective on the stock. in a report on Monday, December 9th. Benchmark cut Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research report on Monday, February 3rd. They issued a "hold" rating and a $120.00 target price on the stock. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $108.24.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded up $1.67 on Friday, reaching $121.06. 1,093,629 shares of the company were exchanged, compared to its average volume of 1,157,150. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 65.79, a price-to-earnings-growth ratio of 1.26 and a beta of 1.72. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $123.25. The company has a 50-day moving average of $109.96 and a 200-day moving average of $96.54. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company's stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the firm's stock in a transaction 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 directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. 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. Corporate insiders own 30.57% of the company's stock.

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.