Vanguard Group Inc. Boosts Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Vanguard Group Inc. lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 9.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,539,486 shares of the company’s stock after acquiring an additional 562,774 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Shift4 Payments worth $678,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments during the 4th quarter valued at about $26,000. Rakuten Securities Inc. lifted its position in Shift4 Payments by 153.9% during the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 157 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments in the fourth quarter worth approximately $28,000. UMB Bank n.a. bought a new stake in Shift4 Payments in the 4th quarter worth approximately $29,000. Finally, Valley National Advisers Inc. purchased a new stake in Shift4 Payments during the 4th quarter valued at $31,000. 98.87% of the stock is currently owned by institutional investors.

Shift4 Payments Stock Down 2.3 %

NYSE FOUR opened at $84.50 on Monday. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The stock has a market cap of $7.53 billion, a PE ratio of 27.53, a P/E/G ratio of 1.04 and a beta of 1.76. The stock’s 50 day moving average is $103.34 and its 200 day moving average is $100.20.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. Research analysts predict that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FOUR shares. Stephens restated an “overweight” rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Piper Sandler reissued an “overweight” rating and issued a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a research report on Monday, February 3rd. They set a “hold” rating and a $120.00 price target for the company. Bank of America downgraded shares of Shift4 Payments from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Shift4 Payments from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.30.

Insider Buying and Selling at Shift4 Payments

In related news, CFO Nancy Disman sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the transaction, the president now owns 264,856 shares of the company’s stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 in the last 90 days. Insiders own 30.57% of the company’s stock.

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.