Shift4 Payments, Inc. (NYSE:FOUR) Shares Sold by Holocene Advisors LP

Holocene Advisors LP trimmed its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 49.7% in the third quarter, HoldingsChannel reports. The firm owned 5,110 shares of the company’s stock after selling 5,059 shares during the period. Holocene Advisors LP’s holdings in Shift4 Payments were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FOUR. Centiva Capital LP boosted its position in shares of Shift4 Payments by 104.3% during the third quarter. Centiva Capital LP now owns 8,504 shares of the company’s stock worth $753,000 after buying an additional 4,342 shares during the period. Wasatch Advisors LP boosted its position in Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after acquiring an additional 1,980,940 shares during the period. Captrust Financial Advisors grew its stake in shares of Shift4 Payments by 63.5% in the third quarter. Captrust Financial Advisors now owns 14,615 shares of the company’s stock worth $1,295,000 after purchasing an additional 5,674 shares in the last quarter. Corsair Capital Management L.P. increased its holdings in shares of Shift4 Payments by 7,515.1% during the third quarter. Corsair Capital Management L.P. now owns 5,559 shares of the company’s stock valued at $493,000 after purchasing an additional 5,486 shares during the period. Finally, Millrace Asset Group Inc. raised its stake in shares of Shift4 Payments by 1.1% during the third quarter. Millrace Asset Group Inc. now owns 27,151 shares of the company’s stock valued at $2,406,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Shift4 Payments Price Performance

Shares of NYSE:FOUR opened at $103.71 on Friday. The company has a market cap of $9.34 billion, a P/E ratio of 56.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The company’s fifty day moving average is $98.20 and its two-hundred day moving average is $82.32. 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 12-month low of $55.87 and a 12-month high of $116.84.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of Shift4 Payments stock in a transaction on 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 owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 210,045 shares in the company, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,500 shares of company stock valued at $3,226,675. Company insiders own 30.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FOUR. Bank of America lowered shares of Shift4 Payments from a “buy” rating to a “neutral” rating and decreased their target price for the company from $112.00 to $105.00 in a research report on Wednesday. Barclays started coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price objective on the stock. Wells Fargo & Company upped their target price on Shift4 Payments from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. B. Riley lifted their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Stephens upped their price objective on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.