Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in Shift4 Payments, Inc. (NYSE:FOUR) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,000 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Swiss National Bank owned 0.12% of Shift4 Payments worth $9,657,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Senator Investment Group LP grew its holdings in Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of 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 acquiring an additional 7,905 shares during the last quarter. Chesapeake Capital Corp IL acquired a new position in shares of Shift4 Payments in the third quarter worth about $552,000. Finally, Coronation Fund Managers Ltd. purchased a new position in Shift4 Payments in the second quarter valued at about $1,378,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FOUR shares. DA Davidson upped their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their target price 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. William Blair assumed coverage on Shift4 Payments in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. Barclays began coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, Morgan Stanley boosted their price target on Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.15.

Insider Activity

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the completion of the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the transaction, the chief financial officer now owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Up 0.5 %

FOUR opened at $109.78 on Monday. The stock’s 50 day moving average price is $93.35 and its 200 day moving average price is $79.50. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The stock has a market cap of $9.89 billion, a P/E ratio of 59.66, a P/E/G ratio of 1.36 and a beta of 1.64. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $111.74.

Shift4 Payments Company 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.