Millrace Asset Group Inc. Purchases 308 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Millrace Asset Group Inc. boosted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,151 shares of the company’s stock after purchasing an additional 308 shares during the period. Shift4 Payments makes up 2.4% of Millrace Asset Group Inc.’s portfolio, making the stock its 5th biggest position. Millrace Asset Group Inc.’s holdings in Shift4 Payments were worth $2,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in shares of Shift4 Payments by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after buying an additional 235,355 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Shift4 Payments by 11,776.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after acquiring an additional 1,716,132 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in Shift4 Payments by 0.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after acquiring an additional 12,804 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Shift4 Payments by 21.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after acquiring an additional 255,741 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $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. 30.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FOUR. Barclays initiated coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock. DA Davidson upped their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Piper Sandler lifted their target price on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna upped their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Finally, BTIG Research raised their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Stock Performance

Shares of NYSE FOUR opened at $111.34 on Tuesday. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $112.93. The company has a market cap of $10.03 billion, a PE ratio of 60.51, a P/E/G ratio of 1.37 and a beta of 1.64. The stock has a 50 day simple moving average of $93.91 and a 200-day simple moving average of $79.86. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

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.