Flagship Harbor Advisors LLC Lowers Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Flagship Harbor Advisors LLC decreased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 8.9% in the 4th quarter, Holdings Channel reports. The firm owned 7,858 shares of the company’s stock after selling 769 shares during the period. Flagship Harbor Advisors LLC’s holdings in Shift4 Payments were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. purchased a new stake in Shift4 Payments during the 4th quarter valued at approximately $29,000. Waldron Private Wealth LLC acquired a new stake in Shift4 Payments during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter valued at approximately $27,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Transactions at Shift4 Payments

In related news, 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 transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction dated 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 $21,991,309.12. The trade was a 2.20 % decrease in their position. 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 in the last ninety days. Corporate insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FOUR shares. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Susquehanna lifted their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. B. Riley boosted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. 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 report on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their target price on Shift4 Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.90.

Shift4 Payments Stock Performance

Shares of FOUR opened at $114.31 on Tuesday. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $119.28. The stock has a market cap of $10.30 billion, a P/E ratio of 62.13, a PEG ratio of 1.18 and a beta of 1.71. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The company has a 50-day moving average of $106.69 and a two-hundred day moving average of $91.27.

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.