Sovran Advisors LLC Makes New $293,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Sovran Advisors LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,867 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new position in shares of Shift4 Payments in the third quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $26,000. Transcendent Capital Group LLC acquired a new position in shares of Shift4 Payments in the third quarter worth about $27,000. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $28,000. Finally, UMB Bank n.a. acquired a new position in shares of Shift4 Payments in the fourth quarter worth about $29,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on FOUR shares. The Goldman Sachs Group raised their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Oppenheimer increased their price target on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They issued a “hold” rating and a $120.00 price target for the company. Finally, Stephens increased their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $108.24.

Shift4 Payments Trading Down 0.3 %

NYSE:FOUR opened at $117.04 on Thursday. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $123.25. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 63.61, a P/E/G ratio of 1.26 and a beta of 1.72. 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’s 50 day moving average is $108.92 and its 200-day moving average is $95.48.

Insider Activity

In other news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction 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 owns 37,089 shares in the company, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction on 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 owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock valued at $1,211,364 over the last 90 days. 30.57% of the stock is currently owned by company 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.