Hunter Associates Investment Management LLC Buys 1,404 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Hunter Associates Investment Management LLC raised its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,438 shares of the company’s stock after acquiring an additional 1,404 shares during the period. Shift4 Payments makes up 1.2% of Hunter Associates Investment Management LLC’s portfolio, making the stock its 17th largest holding. Hunter Associates Investment Management LLC’s holdings in Shift4 Payments were worth $8,047,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Wasatch Advisors LP grew its holdings in Shift4 Payments by 50.8% during the 3rd 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 last quarter. Jennison Associates LLC raised its stake in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after buying an additional 242,179 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of 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 worth $128,921,000 after purchasing an additional 12,804 shares during the last quarter. Geode Capital Management LLC boosted its position in Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after purchasing an additional 53,610 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock valued at $43,666,000 after purchasing an additional 145,444 shares during 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 news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now directly owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction dated 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 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 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 owned by company insiders.

Analyst Ratings Changes

FOUR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a report on Monday, December 9th. Piper Sandler upped their price target on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Benchmark cut Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Bank of America cut Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $105.00 in a research note on Wednesday, December 4th. Finally, Barclays began coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Shift4 Payments has an average rating of “Moderate Buy” and a consensus price target of $106.90.

Shift4 Payments Stock Up 3.9 %

Shares of FOUR opened at $121.61 on Friday. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 66.09, a PEG ratio of 1.19 and a beta of 1.71. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $123.25. The stock’s 50-day moving average price is $107.83 and its 200-day moving average price is $92.30. The company has a quick ratio of 2.97, a current ratio of 2.98 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.