Atria Investments Inc Acquires Shares of 4,340 Shift4 Payments, Inc. (NYSE:FOUR)

Atria Investments Inc acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,340 shares of the company’s stock, valued at approximately $385,000.

A number of other institutional investors have also made changes to their positions in FOUR. Centaurus Financial Inc. lifted its holdings in shares of Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after purchasing an additional 119 shares in the last quarter. First Dallas Securities Inc. increased its position in Shift4 Payments by 1.8% during the second quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock worth $844,000 after buying an additional 200 shares during the last quarter. J.Safra Asset Management Corp increased its position in Shift4 Payments by 25.7% during the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock worth $72,000 after buying an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Shift4 Payments by 3.3% during the second quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock worth $477,000 after buying an additional 210 shares during the last quarter. Finally, CWM LLC increased its position in Shift4 Payments by 27.1% during the second quarter. CWM LLC now owns 1,131 shares of the company’s stock worth $83,000 after buying an additional 241 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Stock Up 6.7 %

Shift4 Payments stock opened at $108.75 on Friday. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $109.76. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 59.10, a P/E/G ratio of 1.23 and a beta of 1.64. 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 firm has a 50 day simple moving average of $92.81 and a 200 day simple moving average of $78.87.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler increased their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Oppenheimer initiated coverage on Shift4 Payments in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 price target for the company. Stephens increased their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. B. Riley increased their price target on Shift4 Payments from $104.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Benchmark restated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $100.15.

Insider Activity at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 in the company, valued at $18,827,693.97. The trade was a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction 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 sale, the chief financial officer now directly 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 disclosure for this sale can be found here. 30.57% of the stock is owned by company insiders.

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.