State of Alaska Department of Revenue Invests $812,000 in Shift4 Payments, Inc. (NYSE:FOUR)

State of Alaska Department of Revenue bought a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,830 shares of the company's stock, valued at approximately $812,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Perigon Wealth Management LLC boosted its holdings in shares of Shift4 Payments by 3.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Shift4 Payments by 67.3% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after purchasing an additional 171 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Shift4 Payments by 7.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock worth $303,000 after purchasing an additional 243 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth about $26,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments in the 4th quarter worth about $28,000. 98.87% of the stock is currently owned by institutional investors.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now owns 222,112 shares of the company's stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The transaction 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 that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company's stock.

Shift4 Payments Stock Up 1.4 %

Shares of NYSE:FOUR traded up $1.67 during trading on Monday, hitting $121.06. The stock had a trading volume of 1,093,629 shares, compared to its average volume of 1,157,150. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $123.25. The company has a market capitalization of $10.91 billion, a PE ratio of 65.79, a PEG ratio of 1.26 and a beta of 1.72. The firm's fifty day moving average is $110.32 and its 200 day moving average is $96.93. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. B. Riley increased their target price on Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Bank of America cut Shift4 Payments from a "buy" rating to a "neutral" rating and dropped their target price for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, Susquehanna increased their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and an average price target of $108.24.

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.