Amalgamated Bank Increases Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Amalgamated Bank grew its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 716.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,139 shares of the company’s stock after buying 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.

A number of other institutional investors have also recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new position in Shift4 Payments in the fourth quarter worth $26,000. Transcendent Capital Group LLC bought a new stake in Shift4 Payments during the third quarter worth about $27,000. Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments in the 4th quarter worth about $28,000. UMB Bank n.a. bought a new position in shares of Shift4 Payments during the 4th quarter valued at about $29,000. Finally, Valley National Advisers Inc. purchased a new position in shares of Shift4 Payments during the 4th quarter valued at about $31,000. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FOUR. B. Riley upped their target price on Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Susquehanna increased 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. Stephens reissued an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price objective on Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Finally, Barclays lowered their target price on Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and an average price target of $115.05.

Shift4 Payments Stock Up 1.5 %

Shares of NYSE FOUR opened at $98.97 on Friday. The firm has a fifty day simple moving average of $110.23 and a two-hundred day simple moving average of $98.67. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $8.92 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72.

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

Insider Activity

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the transaction, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. 30.57% of the stock is 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.