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

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

A number of other hedge funds have also recently made changes to their positions in FOUR. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments in the 4th quarter worth approximately $28,000. Waldron Private Wealth LLC bought a new stake in shares of Shift4 Payments during the third quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the third quarter worth $27,000. Toth Financial Advisory Corp bought a new position in shares of Shift4 Payments during the third quarter worth $32,000. Finally, GAMMA Investing LLC grew its stake in Shift4 Payments by 548.2% during the fourth quarter. GAMMA Investing LLC now owns 551 shares of the company’s stock valued at $57,000 after acquiring an additional 466 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at $3,748,585.23. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jordan Frankel sold 5,000 shares of the firm’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 transaction, the insider now directly owns 222,112 shares in the company, valued at approximately $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 quarter. 30.57% of the stock is owned by insiders.

Shift4 Payments Trading Up 5.3 %

FOUR opened at $107.25 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 2.97 and a current ratio of 2.98. The stock’s 50 day moving average price is $104.66 and its 200-day moving average price is $89.08. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $116.84. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 58.29, a P/E/G ratio of 1.06 and a beta of 1.71.

Wall Street Analysts Forecast Growth

FOUR has been the topic of several research analyst reports. Piper Sandler boosted their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley increased their price target on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. DA Davidson lifted their price objective on Shift4 Payments from $118.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, B. Riley boosted their price target on shares of Shift4 Payments from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.90.

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.