Conway Capital Management Inc. Acquires New Shares in Shift4 Payments, Inc. (NYSE:FOUR)

Conway Capital Management Inc. acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,250 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FOUR. Senator Investment Group LP boosted its position in Shift4 Payments by 8,551.1% during the 2nd quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after buying an additional 555,737 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Shift4 Payments by 41.9% during the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company’s stock worth $43,666,000 after purchasing an additional 145,444 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Shift4 Payments by 26.6% during the third quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company’s stock worth $3,330,000 after purchasing an additional 7,905 shares during the period. Artemis Investment Management LLP grew its stake in shares of Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after purchasing an additional 242,684 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Shift4 Payments by 9.3% in the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company’s stock valued at $251,098,000 after purchasing an additional 242,179 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on FOUR shares. BTIG Research lifted their target price on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Piper Sandler lifted 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. Barclays began coverage on shares of Shift4 Payments in a research report on Wednesday, October 9th. They set an “overweight” rating and a $120.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.90.

Shift4 Payments Trading Up 1.5 %

NYSE FOUR opened at $117.40 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 52 week low of $55.87 and a 52 week high of $119.28. The business has a 50 day moving average price of $105.93 and a 200-day moving average price of $90.49. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 63.80, a P/E/G ratio of 1.18 and a beta of 1.71.

Insider Buying and Selling at Shift4 Payments

In related news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares of the company’s stock, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Taylor Lauber sold 5,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $113.71, for a total value of $568,550.00. Following the transaction, the insider now owns 210,045 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by corporate insiders.

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.