Amalgamated Bank Sells 7,083 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Amalgamated Bank decreased its holdings in Shift4 Payments, Inc. (NYSE:FOUR) by 63.6% in the third quarter, Holdings Channel reports. The firm owned 4,061 shares of the company’s stock after selling 7,083 shares during the quarter. Amalgamated Bank’s holdings in Shift4 Payments were worth $360,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Waldron Private Wealth LLC purchased a new stake in shares of Shift4 Payments during the third quarter valued at $25,000. Toth Financial Advisory Corp purchased a new stake in shares of Shift4 Payments during the 3rd quarter valued at about $32,000. Financial Management Professionals Inc. bought a new stake in shares of Shift4 Payments in the third quarter worth approximately $56,000. Quarry LP purchased a new position in shares of Shift4 Payments during the second quarter valued at approximately $60,000. Finally, J.Safra Asset Management Corp lifted its position in Shift4 Payments by 25.7% during the second quarter. J.Safra Asset Management Corp now owns 988 shares of the company’s stock valued at $72,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity at Shift4 Payments

In other Shift4 Payments news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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 of the company’s stock, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. 30.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Oppenheimer initiated coverage on shares of Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price for the company. The Goldman Sachs Group upped their price objective on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler raised their target price on Shift4 Payments from $93.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Stephens upped their price target on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, William Blair assumed coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.15.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $97.01 on Monday. The company has a quick ratio of 1.34, 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 $106.31. The stock’s 50-day simple moving average is $90.75 and its 200-day simple moving average is $77.90. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 52.72, a PEG ratio of 1.17 and a beta of 1.64.

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.