Modera Wealth Management LLC Makes New Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Key Points

• Modera Wealth Management LLC has invested approximately $245,000 in Shift4 Payments by purchasing 3,000 shares during the first quarter.
• Recent insider trading revealed that Director Sarah Goldsmith-Grover and CFO Nancy Disman sold 1,000 and 10,000 shares, respectively, resulting in significant decreases in their holdings.
• Analysts have revised price targets for Shift4 Payments, with the consensus rating currently at a "Moderate Buy" and a target price of $117.20.

Modera Wealth Management LLC acquired a new position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,000 shares of the company's stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of Shift4 Payments by 25.3% during the 4th quarter. LPL Financial LLC now owns 101,291 shares of the company's stock valued at $10,512,000 after purchasing an additional 20,478 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Shift4 Payments by 10.8% during the 4th quarter. Prudential Financial Inc. now owns 2,995 shares of the company's stock valued at $291,000 after purchasing an additional 292 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Shift4 Payments by 20.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,265 shares of the company's stock valued at $858,000 after purchasing an additional 1,425 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Shift4 Payments during the 4th quarter valued at about $266,000. Finally, Geode Capital Management LLC increased its position in shares of Shift4 Payments by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 1,164,586 shares of the company's stock valued at $120,899,000 after purchasing an additional 106,217 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Shift4 Payments Stock Performance

FOUR traded up $0.39 during mid-day trading on Monday, reaching $102.33. 2,205,961 shares of the company traded hands, compared to its average volume of 1,151,998. The stock has a market capitalization of $9.07 billion, a P/E ratio of 27.04 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.12. The company's fifty day moving average price is $98.60 and its 200-day moving average price is $95.59. Shift4 Payments, Inc. has a 52-week low of $57.45 and a 52-week high of $127.50.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FOUR. DA Davidson reaffirmed a "buy" rating and set a $124.00 price objective on shares of Shift4 Payments in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft began coverage on Shift4 Payments in a research note on Thursday, July 17th. They set a "buy" rating and a $120.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on Shift4 Payments from $154.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Raymond James Financial reiterated a "strong-buy" rating and set a $140.00 target price (up from $130.00) on shares of Shift4 Payments in a report on Friday. Finally, Susquehanna upped their price target on Shift4 Payments from $100.00 to $125.00 and gave the company a "positive" rating in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.20.

Insider Buying and Selling at Shift4 Payments

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