500 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Purchased by Berbice Capital Management LLC

Berbice Capital Management LLC purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 500 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors also recently added to or reduced their stakes in FOUR. Senator Investment Group LP increased its position in Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after purchasing an additional 555,737 shares during the period. Brown Brothers Harriman & Co. increased its position in Shift4 Payments by 41.9% during the 3rd 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 period. Oppenheimer & Co. Inc. increased its position in Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock valued at $3,330,000 after purchasing an additional 7,905 shares during the period. Artemis Investment Management LLP increased its position in Shift4 Payments by 113.0% during the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after purchasing an additional 242,684 shares during the period. Finally, Jennison Associates LLC increased its position in Shift4 Payments by 9.3% during the 3rd 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. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the company’s 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 transaction, the insider now owns 37,089 shares of the company’s stock, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David Taylor Lauber sold 5,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is currently owned by insiders.

Shift4 Payments Trading Up 0.1 %

Shares of FOUR stock opened at $117.64 on Friday. The company’s 50-day moving average price is $106.30 and its 200-day moving average price is $90.67. 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 stock has a market cap of $10.60 billion, a price-to-earnings ratio of 63.86, a PEG ratio of 1.18 and a beta of 1.71. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $119.28.

Analyst Ratings Changes

A number of research firms have commented on FOUR. Stephens raised 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. Susquehanna raised their price target on shares of Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Wells Fargo & Company raised their price target on shares of Shift4 Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley raised their price target 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. Finally, Keefe, Bruyette & Woods cut shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price for the company. in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.