Hodges Capital Management Inc. Reduces Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Hodges Capital Management Inc. trimmed its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 85.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,649 shares of the company’s stock after selling 198,379 shares during the period. Hodges Capital Management Inc.’s holdings in Shift4 Payments were worth $3,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centaurus Financial Inc. grew its stake in Shift4 Payments by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock worth $345,000 after buying an additional 119 shares during the last quarter. First Dallas Securities Inc. grew its stake in Shift4 Payments by 1.8% during the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after purchasing an additional 200 shares during the last quarter. J.Safra Asset Management Corp grew its stake in Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after purchasing an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after purchasing an additional 210 shares during the last quarter. Finally, CWM LLC grew its stake in Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after purchasing an additional 241 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Stock Performance

NYSE FOUR opened at $103.71 on Monday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 56.36, a PEG ratio of 1.25 and a beta of 1.70. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $116.84. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The stock has a 50-day moving average of $98.20 and a 200 day moving average of $82.42.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOUR. Wells Fargo & Company boosted their price target on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Barclays began coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Susquehanna boosted their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler upped their target price on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and an average price target of $102.29.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 210,045 shares of the company’s stock, valued at $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 37,500 shares of company stock valued at $3,226,675 over the last quarter. 30.57% of the stock is currently owned by insiders.

Shift4 Payments 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.