Amalgamated Bank Sells 7,083 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Amalgamated Bank lowered its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 63.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,061 shares of the company’s stock after selling 7,083 shares during the period. Amalgamated Bank’s holdings in Shift4 Payments were worth $360,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new stake in Shift4 Payments during the third quarter worth about $25,000. Toth Financial Advisory Corp bought a new stake in Shift4 Payments during the third quarter worth about $32,000. Financial Management Professionals Inc. bought a new stake in Shift4 Payments during the third quarter worth about $56,000. Quarry LP bought a new stake in Shift4 Payments during the second quarter worth about $60,000. Finally, J.Safra Asset Management Corp lifted its stake in Shift4 Payments by 25.7% during the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

FOUR has been the subject of several research analyst reports. Piper Sandler lifted their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group boosted their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday. Barclays started coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price for the company. Benchmark reissued a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Finally, Oppenheimer started coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price for the company. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Price Performance

FOUR opened at $97.01 on Monday. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $106.31. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 52.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.64. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 2.71. The stock has a fifty day simple moving average of $90.75 and a two-hundred day simple moving average of $77.90.

Insider Buying and Selling

In related news, CFO Nancy Disman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

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.