Yorktown Management & Research Co Inc Takes $457,000 Position in Shift4 Payments, Inc. (NYSE:FOUR)

Yorktown Management & Research Co Inc purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,400 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds have also made changes to their positions in FOUR. Truist Financial Corp purchased a new position in shares of Shift4 Payments during the 2nd quarter worth approximately $283,000. Artemis Investment Management LLP boosted its position in shares of Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after purchasing an additional 242,684 shares during the period. CWM LLC boosted its position in shares of Shift4 Payments by 95.8% during the 3rd quarter. CWM LLC now owns 2,214 shares of the company’s stock worth $196,000 after purchasing an additional 1,083 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Shift4 Payments by 3.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 25,705 shares of the company’s stock worth $2,277,000 after purchasing an additional 876 shares during the period. Finally, Stonekeep Investments LLC boosted its position in shares of Shift4 Payments by 10.0% during the 3rd quarter. Stonekeep Investments LLC now owns 3,633 shares of the company’s stock worth $322,000 after purchasing an additional 330 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In other Shift4 Payments 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 transaction of $147,764.34. Following the transaction, the insider now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the transaction, the insider now directly 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. Insiders have sold 11,462 shares of company stock valued at $1,211,364 in the last ninety days. Insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Down 0.8 %

NYSE FOUR opened at $118.31 on Wednesday. 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 firm’s fifty day moving average price is $108.19 and its 200 day moving average price is $93.29. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 64.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $123.25.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BTIG Research increased their price objective on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Monday. They set a “hold” rating and a $120.00 target price on the stock. Stephens increased their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group increased their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.