Conway Capital Management Inc. Buys Shares of 2,250 Shift4 Payments, Inc. (NYSE:FOUR)

Conway Capital Management Inc. purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,250 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of the business. Centaurus Financial Inc. raised its stake in shares of Shift4 Payments by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Shift4 Payments by 7.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock valued at $303,000 after acquiring an additional 243 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments in the fourth quarter valued at about $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments during the fourth quarter worth about $29,000. Finally, Waldron Private Wealth LLC bought a new stake in Shift4 Payments during the third quarter worth about $25,000. Institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of the company’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 sale, 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 have sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. Corporate insiders own 30.57% of the company’s stock.

Wall Street Analyst Weigh In

FOUR has been the topic of several recent analyst reports. BTIG Research boosted their price target on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays assumed coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price objective for the company. Stephens boosted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Oppenheimer raised their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Piper Sandler boosted their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.90.

Shift4 Payments Price Performance

NYSE:FOUR opened at $117.40 on Friday. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $119.28. 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 simple moving average is $105.93 and its 200 day simple moving average is $90.49. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 63.80, a P/E/G ratio of 1.18 and a beta of 1.71.

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.