Crossmark Global Holdings Inc. Acquires 3,447 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

2 min read | January 27, 2025 08:05 PM AEDT | By Team Kalkine Media

Crossmark Global Holdings Inc. Acquires 3,447 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Institutional Investment Activity

The recent acquisition of shares by Crossmark Global Holdings Inc. highlights the growing institutional interest in Shift4 Payments, Inc. (NYSE:FOUR). During the fourth quarter, Crossmark added 3,447 shares, valued at approximately $358,000, to its portfolio.

In addition to Crossmark, numerous other institutional investors have shown increased interest in this company. Notably, Senator Investment Group LP significantly expanded its holdings by 8,551.1% in the second quarter, now owning 562,236 shares worth $41.24 million. Brown Brothers Harriman & Co. also increased their position substantially, with a 41.9% growth in their stock ownership during the third quarter.

Analyst Evaluations

Shift4 Payments has been the subject of various analyst reports and evaluations. The Goldman Sachs Group elevated its price target on the company's stock from $106.00 to $119.00. Meanwhile, DA Davidson raised their outlook for the company as well, guiding their price objective to $126.00.

Price Performance and Corporate Activity

The stock for Shift4 Payments opened at $116.55, reflecting strong market performance with a moving average of $106.69 and a market cap of $10.50 billion. This steady performance is echoed in the company's financial ratios, including a P/E ratio of 63.34 and a debt-to-equity ratio of 2.71.

Regarding insider activities, there have been notable transactions such as the sale of shares by insiders like James J. Whalen and Jordan Frankel. Over the last quarter, insiders sold 11,462 shares, valued at $1.211 million.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.