Harel Insurance Investments & Financial Services Ltd. Buys Shares of 800 Shift4 Payments, Inc. (NYSE:FOUR)

Harel Insurance Investments & Financial Services Ltd. purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 800 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOUR. Senator Investment Group LP grew its position in Shift4 Payments by 8,551.1% in the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock valued at $41,240,000 after acquiring an additional 555,737 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Shift4 Payments by 41.9% in 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. Oppenheimer & Co. Inc. grew its holdings in shares of Shift4 Payments by 26.6% in the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares during the last quarter. Artemis Investment Management LLP increased its stake in Shift4 Payments by 113.0% in the 3rd quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after buying an additional 242,684 shares during the period. Finally, Jennison Associates LLC lifted its holdings 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 buying an additional 242,179 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction on Thursday, December 5th. The shares were 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 directly owns 37,089 shares in the company, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the business’s 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 sale, 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 have sold 11,462 shares of company stock valued at $1,211,364 in the last ninety days. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $116.55 on Friday. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $119.28. The business’s fifty day simple moving average is $106.69 and its 200-day simple moving average is $90.97. 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 company has a market cap of $10.50 billion, a PE ratio of 63.34, a PEG ratio of 1.18 and a beta of 1.71.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. DA Davidson raised their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Shift4 Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Susquehanna lifted their target price on Shift4 Payments from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.90.

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.