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

Sovran Advisors LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,867 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors have also recently bought and sold shares of FOUR. Truist Financial Corp acquired a new stake in Shift4 Payments during the second quarter worth $283,000. CWM LLC boosted its stake in Shift4 Payments by 95.8% during the third quarter. CWM LLC now owns 2,214 shares of the company’s stock worth $196,000 after buying an additional 1,083 shares in the last quarter. Creative Planning acquired a new stake in Shift4 Payments during the third quarter worth $293,000. Bleakley Financial Group LLC acquired a new stake in Shift4 Payments during the third quarter worth $889,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Shift4 Payments by 245.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock worth $14,294,000 after buying an additional 114,659 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FOUR shares. The Goldman Sachs Group lifted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a research note on Monday, December 9th. Piper Sandler lifted 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. Morgan Stanley lifted their price objective on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price objective for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.24.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business’s 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 directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $117.04 on Thursday. The stock has a 50-day simple moving average of $108.92 and a 200 day simple moving average of $95.48. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $123.25. The stock has a market capitalization 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.

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.