Curated Wealth Partners LLC Acquires New Shares in Shift4 Payments, Inc. (NYSE:FOUR)

Curated Wealth Partners LLC bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 2,307 shares of the company’s stock, valued at approximately $239,000.

Other large investors have also recently bought and sold shares of the company. Senator Investment Group LP raised its holdings in Shift4 Payments by 8,551.1% in the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after buying an additional 555,737 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after acquiring an additional 145,444 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares during the period. Artemis Investment Management LLP grew its stake in shares of Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after purchasing an additional 242,684 shares during the last quarter. Finally, Jennison Associates LLC increased 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 purchasing an additional 242,179 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares in the company, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was 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 have sold 11,462 shares of company stock worth $1,211,364. Insiders own 30.57% of the company’s stock.

Shift4 Payments Price Performance

Shares of FOUR opened at $116.55 on Friday. The business’s fifty day moving average is $106.30 and its 200 day moving average is $90.67. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $119.28. 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 stock has a market cap of $10.50 billion, a P/E ratio of 63.34, a P/E/G ratio of 1.18 and a beta of 1.71.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company lifted their target price on Shift4 Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer lifted their price objective on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Stephens increased their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.90.

Shift4 Payments 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.