Savant Capital LLC Sells 1,840 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Savant Capital LLC lessened its position in Shift4 Payments, Inc. (NYSE:FOUR) by 27.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,768 shares of the company’s stock after selling 1,840 shares during the period. Savant Capital LLC’s holdings in Shift4 Payments were worth $495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC lifted its stake in shares of Shift4 Payments by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock worth $419,000 after buying an additional 133 shares in the last quarter. Blue Trust Inc. lifted its position in Shift4 Payments by 67.3% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $44,000 after purchasing an additional 171 shares during the period. Verdence Capital Advisors LLC lifted its position in Shift4 Payments by 7.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after purchasing an additional 243 shares during the period. Heck Capital Advisors LLC bought a new position in Shift4 Payments during the fourth quarter valued at approximately $26,000. Finally, Central Pacific Bank Trust Division bought a new position in Shift4 Payments during the fourth quarter valued at approximately $28,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective on the stock. in a research report on Monday, December 9th. Morgan Stanley increased their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Oppenheimer increased their price objective on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.24.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $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 over the last three months. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $121.06 on Monday. The firm has a fifty day moving average price of $109.96 and a 200-day moving average price of $96.54. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The stock has a market cap of $10.91 billion, a PE 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.

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.