Ingalls & Snyder LLC Has $6.53 Million Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Ingalls & Snyder LLC trimmed its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,875 shares of the company’s stock after selling 15,969 shares during the quarter. Ingalls & Snyder LLC owned about 0.07% of Shift4 Payments worth $6,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after buying an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after buying an additional 7,905 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company’s stock worth $1,645,000 after acquiring an additional 7,349 shares during the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Shift4 Payments in the 3rd quarter worth about $552,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Trading Down 0.3 %

Shares of NYSE FOUR opened at $117.04 on Thursday. 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 has a fifty day simple moving average of $108.92 and a two-hundred day simple moving average of $95.48. The firm has a market cap of $10.55 billion, a PE ratio of 63.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.72. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $123.25.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Oppenheimer increased their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley increased their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, B. Riley increased their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus target price of $108.24.

Insider Buying and Selling

In related news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred on 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. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction on 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 owns 210,045 shares in the company, valued at $23,884,216.95. This represents 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.

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.