Shift4 Payments, Inc. (NYSE:FOUR) Stake Lowered by Deepwater Asset Management LLC

Deepwater Asset Management LLC lessened its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,302 shares of the company’s stock after selling 26,058 shares during the quarter. Shift4 Payments comprises 5.2% of Deepwater Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Deepwater Asset Management LLC owned approximately 0.17% of Shift4 Payments worth $16,013,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments in the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments during the 3rd quarter valued at $27,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments in the fourth quarter worth $28,000. Finally, UMB Bank n.a. purchased a new position in Shift4 Payments during the fourth quarter worth $29,000. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FOUR shares. Stephens raised their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Barclays started coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price for the company. Morgan Stanley increased their price target on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods cut Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a report on Monday, December 9th. Finally, Susquehanna increased their target price on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average price target of $106.90.

Shift4 Payments Trading Down 1.3 %

Shares of NYSE FOUR opened at $120.00 on Monday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $123.25. The business has a fifty day moving average price of $108.03 and a 200 day moving average price of $92.77. The stock has a market capitalization of $10.81 billion, a P/E ratio of 65.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97.

Insider Buying and Selling at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the company’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 transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jordan Frankel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now directly owns 222,112 shares of the company’s stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,462 shares of company stock valued at $1,211,364. 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.