Exchange Traded Concepts LLC Has $1.72 Million Position in Shift4 Payments, Inc. (NYSE:FOUR)

Exchange Traded Concepts LLC decreased its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 35.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,539 shares of the company’s stock after selling 9,166 shares during the period. Exchange Traded Concepts LLC’s holdings in Shift4 Payments were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Waldron Private Wealth LLC acquired a new position in shares of Shift4 Payments in the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments in the third quarter valued at $27,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments during the fourth quarter valued at $28,000. UMB Bank n.a. bought a new position in shares of Shift4 Payments in the 4th quarter worth about $29,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments in the 3rd quarter valued at about $32,000. 98.87% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. 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 quarter. Insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $114.31 on Tuesday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $119.28. 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 market cap of $10.30 billion, a PE ratio of 62.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.71. The stock’s fifty day simple moving average is $106.69 and its two-hundred day simple moving average is $91.27.

Wall Street Analyst Weigh In

Several research firms recently commented on FOUR. Wells Fargo & Company raised their target price on Shift4 Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a research note on Monday, December 9th. Piper Sandler lifted their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Shift4 Payments has an average 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.