2,500 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,500 shares of the company’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FOUR. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments during the third quarter worth $25,000. Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments during the 3rd quarter valued at about $27,000. Toth Financial Advisory Corp bought a new position in shares of Shift4 Payments during the 3rd quarter valued at about $32,000. Financial Management Professionals Inc. purchased a new position in shares of Shift4 Payments during the third quarter valued at about $56,000. Finally, GAMMA Investing LLC increased its holdings in shares of Shift4 Payments by 548.2% in the fourth quarter. GAMMA Investing LLC now owns 551 shares of the company’s stock worth $57,000 after purchasing an additional 466 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR stock opened at $106.13 on Wednesday. The company has a market capitalization of $9.56 billion, a P/E ratio of 57.68, a P/E/G ratio of 1.31 and a beta of 1.70. The company’s 50-day simple moving average is $103.18 and its two-hundred day simple moving average is $87.84. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $116.84. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of research reports. DA Davidson raised their price target on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Oppenheimer raised 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. Wells Fargo & Company upped their price target on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Barclays assumed coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective for the company. Finally, Piper Sandler increased their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.40.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the transaction, the insider now owns 37,089 shares in the company, 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. Over the last quarter, insiders sold 11,462 shares of company stock worth $1,211,364. Company insiders own 30.57% of the company’s stock.

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.