52,794 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 52,794 shares of the company’s stock, valued at approximately $5,479,000. Gateway Investment Advisers LLC owned about 0.06% of Shift4 Payments at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FOUR. Wasatch Advisors LP boosted its holdings in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after purchasing an additional 1,980,940 shares during the period. Jennison Associates LLC lifted its holdings in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares during the period. Clearbridge Investments LLC boosted its position in Shift4 Payments by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after purchasing an additional 235,355 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Shift4 Payments by 11,776.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after buying an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock worth $128,921,000 after acquiring an additional 12,804 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments 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 sale, the insider now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock valued at $1,211,364 over the last 90 days. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Stock Up 6.5 %

FOUR stock opened at $114.13 on Friday. 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 market cap of $10.28 billion, a PE ratio of 62.03, a PEG ratio of 1.06 and a beta of 1.71. The company has a fifty day simple moving average of $104.85 and a 200 day simple moving average of $89.21. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $116.84.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays initiated coverage on Shift4 Payments in a report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective for the company. Morgan Stanley raised their price objective on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Piper Sandler upped their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Oppenheimer boosted their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.