5,008 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,008 shares of the company’s stock, valued at approximately $448,000.

Other institutional investors also recently bought and sold shares of the company. Senator Investment Group LP increased its holdings in shares of Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Shift4 Payments by 26.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after buying an additional 7,905 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares during the last quarter. Artemis Investment Management LLP raised its position in Shift4 Payments by 113.0% during the third 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. Finally, Jennison Associates LLC lifted its stake in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Trading Up 2.2 %

NYSE:FOUR opened at $103.52 on Friday. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $116.84. 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 $9.33 billion, a PE ratio of 56.26, a P/E/G ratio of 1.30 and a beta of 1.70. The business’s 50 day moving average is $100.29 and its two-hundred day moving average is $84.72.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several recent research reports. Barclays started coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. BTIG Research upped their price target on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Piper Sandler raised their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Oppenheimer increased their price objective on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and fifteen have given 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 price target of $106.40.

Insider Buying and Selling

In related news, insider James J. Whalen sold 1,462 shares of the business’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 sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 in the last three months. 30.57% of the stock is currently owned by corporate insiders.

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.