Entropy Technologies LP Buys Shares of 20,551 Shift4 Payments, Inc. (NYSE:FOUR)

Entropy Technologies LP acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,551 shares of the company’s stock, valued at approximately $2,133,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the 4th quarter worth about $26,000. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments in the fourth quarter valued at about $28,000. UMB Bank n.a. acquired a new position in shares of Shift4 Payments during the 4th quarter worth approximately $29,000. Waldron Private Wealth LLC bought a new position in Shift4 Payments during the 3rd quarter worth $25,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Shift4 Payments in the third quarter worth $27,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the transaction, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % 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 valued at $1,211,364 in the last 90 days. 30.57% of the stock is currently owned by corporate insiders.

Shift4 Payments Price Performance

FOUR opened at $121.00 on Monday. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $123.25. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 65.76, a P/E/G ratio of 1.26 and a beta of 1.72. The firm’s fifty day moving average price is $108.67 and its two-hundred day moving average price is $94.56. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods downgraded Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research note on Monday, December 9th. The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Oppenheimer boosted 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. Finally, Morgan Stanley upped their target price on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.24.

About Shift4 Payments

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.