Yorktown Management & Research Co Inc acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,400 shares of the company’s stock, valued at approximately $457,000.
A number of other large investors also recently bought and sold shares of FOUR. Wasatch Advisors LP grew its holdings in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after purchasing an additional 1,980,940 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after purchasing an additional 242,684 shares during the last quarter. Jennison Associates LLC grew its holdings in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after purchasing an additional 242,179 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Shift4 Payments by 10,217.7% in the third quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock worth $14,224,000 after purchasing an additional 158,987 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in 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 purchasing an additional 145,444 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.
Insider Activity at Shift4 Payments
In related news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Corporate insiders own 30.57% of the company’s stock.
Shift4 Payments Trading Down 0.8 %
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FOUR. Keefe, Bruyette & Woods lowered 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 report on Monday, December 9th. Oppenheimer boosted their price objective 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. Morgan Stanley boosted their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Piper Sandler boosted their price objective 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. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.24.
Get Our Latest Analysis on FOUR
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.
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