Captrust Financial Advisors Grows Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Captrust Financial Advisors boosted its stake in Shift4 Payments, Inc. (NYSE:FOUR) by 63.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,615 shares of the company’s stock after acquiring an additional 5,674 shares during the quarter. Captrust Financial Advisors’ holdings in Shift4 Payments were worth $1,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Centaurus Financial Inc. boosted its stake in shares of Shift4 Payments by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 4,708 shares of the company’s stock valued at $345,000 after buying an additional 119 shares during the last quarter. First Dallas Securities Inc. boosted its stake in shares of Shift4 Payments by 1.8% during the 2nd quarter. First Dallas Securities Inc. now owns 11,500 shares of the company’s stock valued at $844,000 after buying an additional 200 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in shares of Shift4 Payments by 25.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after buying an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Shift4 Payments by 3.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,495 shares of the company’s stock valued at $477,000 after buying an additional 210 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Shift4 Payments by 27.1% during the 2nd quarter. CWM LLC now owns 1,131 shares of the company’s stock valued at $83,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Shift4 Payments Trading Up 1.7 %

NYSE:FOUR opened at $103.71 on Friday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $116.84. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 56.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The stock has a fifty day simple moving average of $98.20 and a 200 day simple moving average of $82.32.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 210,045 shares in the company, valued at approximately $23,884,216.95. This trade represents a 2.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $3,226,675 in the last quarter. 30.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FOUR. DA Davidson increased their target price on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Stephens increased their target price on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. William Blair began coverage on Shift4 Payments in a research note on Wednesday, September 4th. They set an “outperform” rating on the stock. Piper Sandler raised their price objective on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company raised their price objective on Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Shift4 Payments has a consensus rating of “Moderate Buy” and a consensus price target of $102.29.

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.