Geode Capital Management LLC grew its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 5.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,058,369 shares of the company's stock after acquiring an additional 53,610 shares during the period. Geode Capital Management LLC owned about 1.19% of Shift4 Payments worth $93,797,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Centaurus Financial Inc. grew its position in shares of Shift4 Payments by 2.6% in the second quarter. Centaurus Financial Inc. now owns 4,708 shares of the company's stock valued at $345,000 after purchasing an additional 119 shares during the period. First Dallas Securities Inc. boosted its holdings in Shift4 Payments by 1.8% in the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company's stock worth $844,000 after buying an additional 200 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Shift4 Payments by 3.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company's stock worth $477,000 after buying an additional 210 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in 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 in the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in shares of Shift4 Payments during the third quarter valued at approximately $25,000. 98.87% of the stock is owned by hedge funds and other institutional investors.
In related news, insider James J. Whalen sold 1,462 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction 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. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares in the company, valued at $21,991,309.12. This trade represents a 2.20 % 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 over the last 90 days. Corporate insiders own 30.57% of the company's stock.
A number of brokerages have recently issued reports on FOUR. BTIG Research lifted their price target on Shift4 Payments from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Morgan Stanley raised their price target on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Piper Sandler upped their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group raised their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.52.
Check Out Our Latest Stock Report on Shift4 Payments
NYSE FOUR opened at $101.26 on Friday. The company has a market cap of $9.12 billion, a P/E ratio of 55.03, a P/E/G ratio of 1.30 and a beta of 1.70. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $116.84. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The stock has a 50-day moving average of $100.15 and a two-hundred day moving average of $84.49.
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.
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