Oak Thistle LLC Invests $480,000 in Shift4 Payments, Inc. (NYSE:FOUR)

Oak Thistle LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,621 shares of the company’s stock, valued at approximately $480,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FOUR. Wasatch Advisors LP grew its position in shares of Shift4 Payments by 50.8% in the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares during the period. Jennison Associates LLC boosted its stake in Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock worth $251,098,000 after acquiring an additional 242,179 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Shift4 Payments by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,314,928 shares of the company’s stock worth $169,800,000 after purchasing an additional 235,355 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Shift4 Payments by 11,776.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,730,704 shares of the company’s stock valued at $126,947,000 after purchasing an additional 1,716,132 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Shift4 Payments by 0.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,455,085 shares of the company’s stock valued at $128,921,000 after purchasing an additional 12,804 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FOUR shares. Barclays initiated coverage on Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective for the company. 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 report on Thursday, October 10th. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price objective for the company from $112.00 to $105.00 in a research report on Wednesday, December 4th. Stephens lifted their target price on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Morgan Stanley increased 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. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.90.

Insider Buying and Selling

In related news, insider James J. Whalen sold 1,462 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jordan Frankel sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $21,991,309.12. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by insiders.

Shift4 Payments Trading Up 5.3 %

Shift4 Payments stock opened at $107.25 on Friday. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $116.84. The company has a market cap of $9.66 billion, a P/E ratio of 58.29, a P/E/G ratio of 1.06 and a beta of 1.71. 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 business has a 50-day simple moving average of $104.66 and a two-hundred day simple moving average of $89.08.

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.