Berbice Capital Management LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Berbice Capital Management LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, HoldingsChannel reports. The fund acquired 500 shares of the company’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock valued at $521,250,000 after acquiring an additional 1,980,940 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Shift4 Payments by 11,776.9% in 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 acquiring an additional 1,716,132 shares during the period. Senator Investment Group LP lifted its holdings in Shift4 Payments by 8,551.1% in the second 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 period. Artemis Investment Management LLP lifted its holdings in Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock valued at $40,532,000 after acquiring an additional 242,684 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after acquiring an additional 242,179 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FOUR shares. Benchmark downgraded Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Bank of America downgraded Shift4 Payments from a “buy” rating to a “neutral” rating and cut their price target for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. DA Davidson lifted their price target on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays started coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. Finally, 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. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.90.

Shift4 Payments Stock Up 0.1 %

NYSE FOUR opened at $117.64 on Friday. The stock has a market cap of $10.60 billion, a PE ratio of 63.86, a P/E/G ratio of 1.18 and a beta of 1.71. Shift4 Payments, Inc. has a fifty-two week low of $55.87 and a fifty-two week high of $119.28. The business has a 50 day moving average price of $106.30 and a two-hundred day moving average price of $90.67. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71.

Insider Buying and Selling at Shift4 Payments

In related news, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 of the company’s stock, valued at approximately $21,991,309.12. This represents a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the sale, the insider now directly owns 37,089 shares in the company, valued at approximately $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 have sold a total of 11,462 shares of company stock valued at $1,211,364 in the last three months. Corporate insiders own 30.57% of the company’s stock.

Shift4 Payments 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.