Millrace Asset Group Inc. Acquires 308 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Millrace Asset Group Inc. boosted its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,151 shares of the company’s stock after acquiring an additional 308 shares during the quarter. Shift4 Payments comprises approximately 2.4% of Millrace Asset Group Inc.’s portfolio, making the stock its 5th biggest holding. Millrace Asset Group Inc.’s holdings in Shift4 Payments were worth $2,406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Waldron Private Wealth LLC acquired a new stake in shares of Shift4 Payments during the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new position in Shift4 Payments in the 3rd quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in Shift4 Payments during the third quarter worth $32,000. Financial Management Professionals Inc. purchased a new stake in Shift4 Payments during the third quarter worth $56,000. Finally, Quarry LP acquired a new stake in Shift4 Payments in the second quarter valued at $60,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays started coverage on Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target for the company. Oppenheimer initiated coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They set an “outperform” rating and a $109.00 target price for the company. BTIG Research increased their price target on shares of Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. William Blair initiated coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating for the company. Finally, Stephens upped 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. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $111.34 on Tuesday. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 60.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. 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 company has a 50 day moving average price of $93.91 and a 200 day moving average price of $79.86. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $112.93.

Insider Transactions at Shift4 Payments

In related news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the business’s stock in a transaction dated 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 owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

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.