Thematics Asset Management Has $25.07 Million Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Thematics Asset Management lowered its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 283,000 shares of the company’s stock after selling 27,000 shares during the period. Thematics Asset Management owned about 0.32% of Shift4 Payments worth $25,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its holdings in Shift4 Payments by 21.7% in the first quarter. Janus Henderson Group PLC now owns 1,434,890 shares of the company’s stock worth $94,803,000 after buying an additional 255,741 shares during the last quarter. Washington Harbour Partners LP acquired a new position in Shift4 Payments during the first quarter worth $1,342,000. Virtu Financial LLC bought a new position in Shift4 Payments during the first quarter valued at about $3,203,000. First Hawaiian Bank lifted its position in shares of Shift4 Payments by 8.8% in the second quarter. First Hawaiian Bank now owns 7,195 shares of the company’s stock worth $528,000 after buying an additional 580 shares during the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in shares of Shift4 Payments in the second quarter worth about $623,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Shift4 Payments from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Stephens upped their price target on Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. William Blair began coverage on shares of Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. The Goldman Sachs Group upped 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. Finally, Piper Sandler raised their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Stock Up 1.3 %

NYSE:FOUR traded up $1.40 on Tuesday, hitting $112.74. 198,679 shares of the company’s stock were exchanged, compared to its average volume of 1,432,587. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The firm has a 50-day moving average price of $93.91 and a 200-day moving average price of $79.86. The company has a market cap of $10.16 billion, a P/E ratio of 60.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $113.85.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by company insiders.

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.