Redhawk Wealth Advisors Inc. Purchases New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Redhawk Wealth Advisors Inc. acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,969 shares of the company’s stock, valued at approximately $1,138,000.

Several other institutional investors also recently modified their holdings of the company. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC bought a new position in Shift4 Payments during the third quarter worth about $27,000. Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments during the fourth quarter valued at approximately $28,000. Toth Financial Advisory Corp acquired a new stake in Shift4 Payments during the third quarter valued at approximately $32,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments in the 3rd quarter valued at approximately $56,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Susquehanna raised their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Wells Fargo & Company increased their target price on shares of Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Morgan Stanley upped their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price target on Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Barclays began coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.40.

Shift4 Payments Stock Performance

Shares of FOUR opened at $102.13 on Thursday. The firm has a market cap of $9.20 billion, a P/E ratio of 55.51, a PEG ratio of 1.31 and a beta of 1.71. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $116.84. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The firm’s 50 day moving average price is $104.57 and its two-hundred day moving average price is $88.99.

Insider Activity at Shift4 Payments

In related 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 completion of the transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction 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 sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by corporate insiders.

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.