Avitas Wealth Management LLC Sells 97 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Avitas Wealth Management LLC lowered its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,563 shares of the company’s stock after selling 97 shares during the quarter. Avitas Wealth Management LLC’s holdings in Shift4 Payments were worth $1,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. bought a new position in shares of Shift4 Payments in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $26,000. Hunter Associates Investment Management LLC lifted its stake in shares of Shift4 Payments by 1.8% in the 4th quarter. Hunter Associates Investment Management LLC now owns 77,438 shares of the company’s stock valued at $8,047,000 after purchasing an additional 1,404 shares during the last quarter. Highland Capital Management LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth approximately $641,000. Finally, R Squared Ltd bought a new position in shares of Shift4 Payments during the 4th quarter valued at approximately $92,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now directly 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 hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 over the last 90 days. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR opened at $118.31 on Wednesday. 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 company has a 50 day moving average price of $108.19 and a 200-day moving average price of $93.29. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $123.25. The stock has a market capitalization of $10.66 billion, a PE ratio of 64.30, a PEG ratio of 1.22 and a beta of 1.72.

Analyst Upgrades and Downgrades

FOUR has been the subject of a number of analyst reports. Barclays started coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. Susquehanna lifted 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. B. Riley increased their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stephens raised 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. Finally, Wells Fargo & Company upped their target price on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.