Artemis Investment Management LLP Sells 67,609 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Artemis Investment Management LLP cut its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 14.8% during the fourth quarter, Holdings Channel reports. The firm owned 389,858 shares of the company’s stock after selling 67,609 shares during the quarter. Artemis Investment Management LLP’s holdings in Shift4 Payments were worth $40,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in shares of Shift4 Payments in the third quarter worth $25,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments during the third quarter valued at $27,000. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments in the 4th quarter valued at $28,000. Toth Financial Advisory Corp bought a new position in shares of Shift4 Payments during the 3rd quarter valued at about $32,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Shift4 Payments during the 3rd quarter valued at about $56,000. 98.87% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider James J. Whalen sold 1,462 shares of the 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 transaction, the insider now owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $114.13 on Friday. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $116.84. The company has a market capitalization of $10.28 billion, a PE ratio of 62.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. The stock’s fifty day moving average is $105.12 and its two-hundred day moving average is $89.49. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Analyst Upgrades and Downgrades

FOUR has been the topic of a number of research analyst reports. DA Davidson boosted their target price on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Susquehanna upped their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Morgan Stanley raised their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Barclays assumed coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, Oppenheimer lifted their price objective on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.