Central Pacific Bank Trust Division Makes New $28,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Central Pacific Bank Trust Division acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR) in the 4th quarter, Holdings Channel reports. The firm acquired 274 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC purchased a new position in Shift4 Payments in the third quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Shift4 Payments during the 3rd quarter worth $27,000. Toth Financial Advisory Corp acquired a new position in shares of Shift4 Payments during the third quarter worth $32,000. Financial Management Professionals Inc. purchased a new position in Shift4 Payments in the third quarter valued at $56,000. Finally, GAMMA Investing LLC raised its stake in Shift4 Payments by 548.2% in the fourth quarter. GAMMA Investing LLC now owns 551 shares of the company’s stock valued at $57,000 after buying an additional 466 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FOUR. Morgan Stanley increased their price objective on Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Stephens boosted their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. DA Davidson increased their target price on shares of Shift4 Payments from $118.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays began coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, Susquehanna raised their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus price target of $106.40.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David Taylor Lauber sold 5,000 shares of Shift4 Payments stock in a transaction that occurred 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 completion of the sale, 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 quarter, insiders sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by insiders.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $109.14 on Monday. The stock has a fifty day moving average price of $102.57 and a 200 day moving average price of $87.34. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $116.84. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The company has a market cap of $9.83 billion, a PE ratio of 59.32, a P/E/G ratio of 1.30 and a beta of 1.71.

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.