Shift4 Payments, Inc. (NYSE:FOUR) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC raised its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,771 shares of the company’s stock after acquiring an additional 393 shares during the quarter. Truvestments Capital LLC’s holdings in Shift4 Payments were worth $334,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brown Brothers Harriman & Co. lifted its stake in Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after purchasing an additional 145,444 shares during the last quarter. Westfield Capital Management Co. LP lifted its position 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 buying an additional 12,804 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Shift4 Payments by 0.9% during the 3rd quarter. Penserra Capital Management LLC now owns 118,615 shares of the company’s stock worth $10,508,000 after buying an additional 1,063 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Shift4 Payments by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 427,696 shares of the company’s stock valued at $37,894,000 after buying an additional 50,664 shares in the last quarter. Finally, King Luther Capital Management Corp grew its position in shares of Shift4 Payments by 54.5% in the 3rd quarter. King Luther Capital Management Corp now owns 46,638 shares of the company’s stock valued at $4,132,000 after buying an additional 16,460 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now owns 182,959 shares in the company, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $82.57, for a total transaction of $1,032,125.00. Following the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Trading Up 1.4 %

NYSE FOUR opened at $111.34 on Tuesday. 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 capitalization of $10.03 billion, a P/E ratio of 60.51, a P/E/G ratio of 1.37 and a beta of 1.64. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $112.93. The firm has a 50-day moving average price of $93.91 and a 200 day moving average price of $79.86.

Wall Street Analysts Forecast Growth

FOUR has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group boosted their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. DA Davidson raised their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stephens lifted their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company increased their price objective on Shift4 Payments from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.15.

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.