Highland Capital Management LLC Acquires New Position in Shift4 Payments, Inc. (NYSE:FOUR)

Highland Capital Management LLC bought a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,181 shares of the company’s stock, valued at approximately $641,000.

A number of other institutional investors have also modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new position in shares of Shift4 Payments in the 4th quarter valued at $28,000. UMB Bank n.a. bought a new stake in shares of Shift4 Payments in the 4th quarter valued at about $29,000. Waldron Private Wealth LLC acquired a new position in shares of Shift4 Payments during the third quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in Shift4 Payments in the 3rd quarter worth approximately $27,000. Finally, Toth Financial Advisory Corp acquired a new position in Shift4 Payments during the 3rd quarter valued at approximately $32,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Shift4 Payments Stock Down 1.3 %

Shares of NYSE FOUR opened at $120.00 on Friday. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 65.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.71. The company’s 50-day simple moving average is $107.83 and its 200-day simple moving average is $92.30. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $123.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FOUR shares. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Piper Sandler increased their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Stephens lifted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley increased 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. Finally, DA Davidson boosted their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.90.

Insider Buying and Selling

In other news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Whalen sold 1,462 shares of the firm’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 completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company’s stock.

Shift4 Payments Company 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.