XTX Topco Ltd purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR – Free Report) 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 %
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.
Read Our Latest Report on Shift4 Payments
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.
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