Roman Butler Fullerton & Co. Acquires Shares of 9,087 Shift4 Payments, Inc. (NYSE:FOUR)

Roman Butler Fullerton & Co. purchased a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,087 shares of the company’s stock, valued at approximately $1,042,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FOUR. Wasatch Advisors LP grew its position in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Jennison Associates LLC boosted its position in Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. International Assets Investment Management LLC boosted its position in Shift4 Payments by 10,217.7% during the third quarter. International Assets Investment Management LLC now owns 160,543 shares of the company’s stock valued at $14,224,000 after purchasing an additional 158,987 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Shift4 Payments by 245.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 161,330 shares of the company’s stock valued at $14,294,000 after purchasing an additional 114,659 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler raised their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Bank of America downgraded 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 research report on Wednesday, December 4th. Stephens raised their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, B. Riley increased their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.24.

Insider Transactions at Shift4 Payments

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

Shift4 Payments Trading Up 1.4 %

Shares of NYSE:FOUR opened at $121.06 on Friday. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $123.25. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 65.79, a PEG ratio of 1.26 and a beta of 1.72. 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 50-day moving average price of $109.96 and a 200-day moving average price of $96.15.

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.