Shift4 Payments, Inc. (NYSE:FOUR) is Deepwater Asset Management LLC’s 3rd Largest Position

Deepwater Asset Management LLC lessened its position in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 14.4% during the 4th quarter, Holdings Channel reports. The firm owned 154,302 shares of the company’s stock after selling 26,058 shares during the quarter. Shift4 Payments comprises 5.2% of Deepwater Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Deepwater Asset Management LLC’s holdings in Shift4 Payments were worth $16,013,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FOUR. Valley National Advisers Inc. acquired a new stake in shares of Shift4 Payments in the fourth quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments in the fourth quarter valued at $26,000. Hunter Associates Investment Management LLC grew its position in Shift4 Payments by 1.8% during the 4th quarter. Hunter Associates Investment Management LLC now owns 77,438 shares of the company’s stock worth $8,047,000 after purchasing an additional 1,404 shares during the period. Highland Capital Management LLC purchased a new position in shares of Shift4 Payments during the 4th quarter valued at about $641,000. Finally, R Squared Ltd acquired a new position in shares of Shift4 Payments in the 4th quarter valued at about $92,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FOUR has been the topic of several analyst reports. Benchmark lowered Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. DA Davidson lifted their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Piper Sandler lifted their price objective on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, BTIG Research increased their target price on shares of Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Shift4 Payments has an average rating of “Moderate Buy” and an average target price of $106.90.

Shift4 Payments Stock Performance

FOUR opened at $120.00 on Monday. Shift4 Payments, Inc. has a twelve month low of $55.87 and a twelve month high of $123.25. The firm has a market capitalization of $10.81 billion, a PE ratio of 65.22, a PEG ratio of 1.22 and a beta of 1.72. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71. The firm’s 50-day moving average price is $108.03 and its 200 day moving average price is $92.77.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the transaction, the insider now owns 222,112 shares in the company, valued at $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction 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 $3,748,585.23. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 in the last ninety days. 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.