GM Advisory Group LLC Trims Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

GM Advisory Group LLC decreased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 20.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,005 shares of the company’s stock after selling 1,005 shares during the period. GM Advisory Group LLC’s holdings in Shift4 Payments were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Senator Investment Group LP increased its stake in Shift4 Payments by 8,551.1% in the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after purchasing an additional 555,737 shares during the period. Artemis Investment Management LLP grew its position in shares of Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after buying an additional 242,684 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after buying an additional 7,905 shares in the last quarter. Coronation Fund Managers Ltd. bought a new position in shares of Shift4 Payments during the 2nd quarter worth $1,378,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of Shift4 Payments during the 3rd quarter worth $552,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Up 0.5 %

Shares of NYSE:FOUR opened at $109.82 on Friday. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $111.74. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 1.36 and a beta of 1.64. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The business has a 50-day moving average price of $93.35 and a 200-day moving average price of $79.22.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FOUR shares. DA Davidson increased their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Oppenheimer assumed coverage on Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 price objective on the stock. Finally, William Blair assumed coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.15.

Insider Transactions at Shift4 Payments

In related news, insider Jordan Frankel sold 12,500 shares of Shift4 Payments stock in a transaction that occurred 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 in the company, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction that occurred 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 of the company’s stock, valued at approximately $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. Company insiders own 30.57% of the company’s stock.

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.