Rice Hall James & Associates LLC Grows Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Rice Hall James & Associates LLC boosted its position in Shift4 Payments, Inc. (NYSE:FOUR) by 799.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,034 shares of the company’s stock after buying an additional 205,361 shares during the quarter. Shift4 Payments makes up about 1.3% of Rice Hall James & Associates LLC’s holdings, making the stock its 21st largest position. Rice Hall James & Associates LLC owned about 0.26% of Shift4 Payments worth $23,977,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Shift4 Payments by 2,954.7% in the fourth quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after acquiring an additional 153,793 shares during the period. WBH Advisory Inc. bought a new position in shares of Shift4 Payments in the fourth quarter worth $211,000. Rhumbline Advisers boosted its holdings in shares of Shift4 Payments by 155.9% in the fourth quarter. Rhumbline Advisers now owns 185,795 shares of the company’s stock worth $19,282,000 after acquiring an additional 113,193 shares during the period. New Mexico Educational Retirement Board bought a new position in shares of Shift4 Payments in the fourth quarter worth $1,391,000. Finally, Blue Trust Inc. boosted its holdings in shares of Shift4 Payments by 67.3% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $44,000 after acquiring an additional 171 shares during the period. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Stock Up 1.4 %

FOUR opened at $121.06 on Tuesday. The company has a market cap of $10.91 billion, a P/E ratio of 65.79, a P/E/G ratio of 1.26 and a beta of 1.72. The business’s 50-day moving average price is $110.32 and its 200-day moving average price is $96.93. The company has a current ratio of 2.98, a quick ratio of 2.97 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 $123.25.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FOUR shares. Morgan Stanley raised their price target on Shift4 Payments from $90.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. DA Davidson lifted their price objective on Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Piper Sandler lifted their price objective on Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.24.

Insider Transactions at Shift4 Payments

In related news, insider David Taylor Lauber sold 5,000 shares of the business’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 transaction, the insider now owns 210,045 shares in the company, valued at $23,884,216.95. The trade was a 2.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,462 shares of company stock worth $1,211,364. Company insiders own 30.57% of the company’s stock.

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.