First Dallas Securities Inc. Sells 925 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

First Dallas Securities Inc. lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 14.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,325 shares of the company’s stock after selling 925 shares during the quarter. First Dallas Securities Inc.’s holdings in Shift4 Payments were worth $553,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC raised its position in Shift4 Payments by 3.5% during the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company’s stock valued at $419,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $44,000 after buying an additional 171 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company’s stock worth $303,000 after buying an additional 243 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Shift4 Payments in the fourth quarter valued at about $26,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments in the fourth quarter valued at about $28,000. Institutional investors own 98.87% of the company’s stock.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the sale, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James J. Whalen sold 1,462 shares of the business’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 completion of the sale, the insider now owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,462 shares of company stock worth $1,211,364 in the last quarter. 30.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FOUR. Oppenheimer increased their target price on shares of Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Shift4 Payments in a research note on Monday. They set a “hold” rating and a $120.00 target price on the stock. Barclays began coverage on Shift4 Payments in a research note on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 price target for the company. DA Davidson boosted their price objective on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lifted their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.24.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock opened at $119.04 on Tuesday. The company has a market cap of $10.73 billion, a PE ratio of 64.69, a price-to-earnings-growth ratio of 1.22 and a beta of 1.72. The business has a 50 day moving average price of $108.03 and a 200-day moving average price of $92.92. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $123.25. 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.