Lewis Asset Management LLC Reduces Position in Shift4 Payments, Inc. (NYSE:FOUR)

Lewis Asset Management LLC trimmed its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,800 shares of the company’s stock after selling 410 shares during the period. Lewis Asset Management LLC’s holdings in Shift4 Payments were worth $498,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Waldron Private Wealth LLC purchased a new stake in shares of Shift4 Payments in the third quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments in the 3rd quarter worth $27,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter valued at about $28,000. UMB Bank n.a. purchased a new position in shares of Shift4 Payments in the fourth quarter valued at about $29,000. Finally, Toth Financial Advisory Corp bought a new position in shares of Shift4 Payments in the third quarter worth about $32,000. 98.87% of the stock is owned by institutional investors.

Insider Activity at Shift4 Payments

In other 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 transaction 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 filing with the SEC, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of the 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 transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 in the last 90 days. 30.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on FOUR. Piper Sandler boosted their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Oppenheimer boosted their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Wells Fargo & Company raised their target price on shares of Shift4 Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Susquehanna boosted their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Finally, DA Davidson raised their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.90.

Shift4 Payments Stock Performance

FOUR stock opened at $117.11 on Thursday. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 63.65, a PEG ratio of 1.18 and a beta of 1.71. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $119.28. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The business’s fifty day simple moving average is $107.57 and its two-hundred day simple moving average is $92.09.

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.