Janney Montgomery Scott LLC Grows Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Janney Montgomery Scott LLC increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 317.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,427 shares of the company’s stock after acquiring an additional 12,489 shares during the period. Janney Montgomery Scott LLC’s holdings in Shift4 Payments were worth $1,705,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Shift4 Payments during the fourth quarter worth $344,000. Global Trust Asset Management LLC lifted its stake in Shift4 Payments by 13.9% during the 4th quarter. Global Trust Asset Management LLC now owns 5,141 shares of the company’s stock worth $534,000 after acquiring an additional 629 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Shift4 Payments during the 4th quarter valued at about $358,000. UMB Bank n.a. purchased a new position in Shift4 Payments during the 4th quarter valued at about $29,000. Finally, Gateway Investment Advisers LLC acquired a new position in Shift4 Payments in the 4th quarter valued at about $5,479,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction 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 company’s 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 sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Shift4 Payments Trading Down 1.3 %

Shares of FOUR stock opened at $120.00 on Monday. The firm’s 50-day simple moving average is $108.03 and its 200-day simple moving average is $92.77. 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 1-year low of $55.87 and a 1-year high of $123.25. The firm has a market cap of $10.81 billion, a P/E ratio of 65.22, a PEG ratio of 1.19 and a beta of 1.71.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FOUR shares. Stephens increased 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. B. Riley increased their price objective on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company boosted 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. Bank of America lowered Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price target for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Finally, Piper Sandler boosted their price objective on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.90.

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.