Amalgamated Bank Acquires 29,078 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Amalgamated Bank lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 716.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,139 shares of the company’s stock after acquiring an additional 29,078 shares during the period. Amalgamated Bank’s holdings in Shift4 Payments were worth $3,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prasad Wealth Partners LLC bought a new stake in Shift4 Payments during the 4th quarter worth approximately $1,589,000. IFP Advisors Inc boosted its position in shares of Shift4 Payments by 192.5% during the fourth quarter. IFP Advisors Inc now owns 2,325 shares of the company’s stock valued at $247,000 after buying an additional 1,530 shares during the last quarter. Pinnacle Financial Partners Inc bought a new stake in Shift4 Payments during the fourth quarter worth $206,000. Bradley Foster & Sargent Inc. CT raised its position in Shift4 Payments by 1,033.2% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 46,791 shares of the company’s stock valued at $4,856,000 after buying an additional 42,662 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in Shift4 Payments during the 4th quarter valued at $208,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction that occurred on 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 $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 over the last 90 days. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Up 1.5 %

Shares of Shift4 Payments stock opened at $98.97 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The stock has a market capitalization of $8.92 billion, a P/E ratio of 32.24, a P/E/G ratio of 1.04 and a beta of 1.72. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The stock’s 50-day simple moving average is $110.23 and its 200 day simple moving average is $98.67.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $1 billion. As a group, research analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FOUR shares. Susquehanna upped their target price on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley dropped their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday. Oppenheimer cut their target price on Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Stephens reaffirmed an “overweight” rating and set a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.05.

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.