Hodges Capital Management Inc. Reduces Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Hodges Capital Management Inc. lowered its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 28.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,680 shares of the company’s stock after selling 9,969 shares during the quarter. Hodges Capital Management Inc.’s holdings in Shift4 Payments were worth $2,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its stake in shares of Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after purchasing an additional 133 shares during the period. Blue Trust Inc. boosted its stake in shares of Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $44,000 after purchasing an additional 171 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock worth $303,000 after acquiring an additional 243 shares during the period. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the fourth quarter worth $26,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments in the 4th quarter worth about $28,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Trading Down 0.7 %

Shares of NYSE FOUR opened at $119.04 on Tuesday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $123.25. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The business’s 50 day moving average is $108.03 and its two-hundred day moving average is $92.92. The stock has a market capitalization of $10.73 billion, a P/E ratio of 64.69, a PEG ratio of 1.22 and a beta of 1.71.

Insider Transactions at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the company’s 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 transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stephens raised their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Piper Sandler raised their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. DA Davidson upped their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. BTIG Research raised their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, B. Riley raised their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.24.

Shift4 Payments 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.