Redhawk Wealth Advisors Inc. Invests $1.14 Million in Shift4 Payments, Inc. (NYSE:FOUR)

Redhawk Wealth Advisors Inc. acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,969 shares of the company’s stock, valued at approximately $1,138,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of Shift4 Payments during the fourth quarter valued at $28,000. Waldron Private Wealth LLC bought a new stake in shares of Shift4 Payments during the 3rd quarter worth about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new stake in Shift4 Payments during the third quarter worth approximately $32,000. Finally, GAMMA Investing LLC boosted its stake in Shift4 Payments by 548.2% during the 4th quarter. GAMMA Investing LLC now owns 551 shares of the company’s stock valued at $57,000 after purchasing an additional 466 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Stock Performance

Shares of FOUR opened at $102.13 on Thursday. The company has a market capitalization of $9.20 billion, a PE ratio of 55.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $116.84. The company’s fifty day moving average price is $104.57 and its 200 day moving average price is $88.99.

Insider Activity

In related news, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the completion of the sale, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. This represents a 2.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction that occurred 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 completion of the transaction, 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. Over the last ninety days, insiders have sold 11,462 shares of company stock valued at $1,211,364. 30.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FOUR shares. Stephens boosted their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Oppenheimer boosted their price objective on Shift4 Payments from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley lifted their price objective on shares of Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Barclays assumed coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.40.

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.