SG Americas Securities LLC Invests $344,000 in Shift4 Payments, Inc. (NYSE:FOUR)

SG Americas Securities LLC purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,316 shares of the company’s stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in shares of Shift4 Payments in the second quarter worth about $283,000. Artemis Investment Management LLP raised its stake in shares of Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares in the last quarter. CWM LLC lifted its holdings in Shift4 Payments by 95.8% in the 3rd quarter. CWM LLC now owns 2,214 shares of the company’s stock worth $196,000 after purchasing an additional 1,083 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Shift4 Payments by 3.5% during the third quarter. Exchange Traded Concepts LLC now owns 25,705 shares of the company’s stock worth $2,277,000 after purchasing an additional 876 shares during the period. Finally, Stonekeep Investments LLC grew its holdings in Shift4 Payments by 10.0% during the third quarter. Stonekeep Investments LLC now owns 3,633 shares of the company’s stock valued at $322,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research note on Monday, December 9th. The Goldman Sachs Group boosted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley raised their price target 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. BTIG Research boosted their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, 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 report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $108.24.

Shift4 Payments Stock Down 0.8 %

Shares of NYSE FOUR opened at $118.31 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 64.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $123.25. The firm’s 50-day simple moving average is $108.19 and its 200 day simple moving average is $93.29.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred on Thursday, December 5th. The stock was 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 approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,462 shares of company stock worth $1,211,364. Corporate insiders own 30.57% of the company’s stock.

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.