Allianz Asset Management GmbH Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Allianz Asset Management GmbH has acquired 3,300 shares of Shift4 Payments, worth approximately $270,000, indicating growing institutional interest in the company.
• Multiple institutional investors have recently increased their stakes in Shift4 Payments, with 98.87% of the stock now owned by hedge funds and institutional investors.
• Shift4 Payments' stock has received mixed reviews from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $117.20, reflecting a range of outlooks on its future performance.

Allianz Asset Management GmbH acquired a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,300 shares of the company's stock, valued at approximately $270,000.

Several other institutional investors have also recently made changes to their positions in FOUR. Elequin Capital LP raised its holdings in shares of Shift4 Payments by 62.3% during the fourth quarter. Elequin Capital LP now owns 297 shares of the company's stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Shift4 Payments by 41.7% in the first quarter. Valley National Advisers Inc. now owns 425 shares of the company's stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of Shift4 Payments by 31.4% during the first quarter. Riggs Asset Managment Co. Inc. now owns 532 shares of the company's stock worth $43,000 after purchasing an additional 127 shares in the last quarter. Triumph Capital Management raised its stake in Shift4 Payments by 3.2% in the 4th quarter. Triumph Capital Management now owns 4,360 shares of the company's stock valued at $452,000 after purchasing an additional 137 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Shift4 Payments by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock valued at $2,796,000 after purchasing an additional 170 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In related news, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total transaction of $94,530.00. Following the completion of the transaction, the director owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karen Roter Davis sold 2,757 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $260,619.21. Following the completion of the sale, the director directly owned 6,592 shares in the company, valued at approximately $623,141.76. The trade was a 29.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,757 shares of company stock worth $1,258,449. 25.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FOUR shares. Wall Street Zen lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Piper Sandler lowered their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Susquehanna increased their price objective on shares of Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a report on Wednesday, April 30th. Truist Financial boosted their target price on Shift4 Payments from $97.00 to $109.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Finally, UBS Group dropped their price target on Shift4 Payments from $138.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and a consensus price target of $117.20.

Shift4 Payments Trading Down 1.0%

NYSE FOUR opened at $102.01 on Monday. Shift4 Payments, Inc. has a 12 month low of $57.45 and a 12 month high of $127.50. The stock has a market capitalization of $9.04 billion, a P/E ratio of 34.46 and a beta of 1.81. The firm's 50-day moving average is $98.60 and its two-hundred day moving average is $95.59. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.36 and a quick ratio of 1.36.

Shift4 Payments Company 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.

Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc. (NYSE:FOUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.