XTX Topco Ltd Makes New $631,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

XTX Topco Ltd purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,118 shares of the company’s stock, valued at approximately $631,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new position in Shift4 Payments in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments during the 3rd quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in Shift4 Payments in the third quarter valued at approximately $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments in the third quarter worth approximately $56,000. Finally, Quarry LP acquired a new stake in Shift4 Payments during the second quarter worth $60,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity

In other news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The stock was 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 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 23,962 shares of company stock worth $2,243,489. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Stock Down 1.2 %

FOUR opened at $100.55 on Friday. The firm has a 50 day moving average price of $99.18 and a 200 day moving average price of $83.27. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $116.84. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The company has a market cap of $9.06 billion, a PE ratio of 54.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BTIG Research raised their price target on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler boosted their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Susquehanna raised their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Finally, Barclays started coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.10.

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.