3,160 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC acquired a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,160 shares of the company’s stock, valued at approximately $328,000.

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

Shift4 Payments Price Performance

Shares of FOUR stock opened at $117.32 on Wednesday. The company’s 50-day simple moving average is $106.96 and its two-hundred day simple moving average is $91.58. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $119.28. The company has a market capitalization of $10.57 billion, a P/E ratio of 63.76, a P/E/G ratio of 1.18 and a beta of 1.71.

Insider Buying and Selling

In other news, insider James J. Whalen sold 1,462 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Taylor Lauber sold 5,000 shares of the firm’s 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 transaction, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. This represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock valued at $1,211,364 over the last quarter. 30.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer raised their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley upped their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods downgraded shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a report on Monday, December 9th. Six 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 MarketBeat, Shift4 Payments presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.90.

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.