5,163 Shares in Shift4 Payments, Inc. (NYSE:FOUR) Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC purchased a new position in Shift4 Payments, Inc. (NYSE:FOUR) during the fourth quarter, HoldingsChannel reports. The fund purchased 5,163 shares of the company’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FOUR. Wasatch Advisors LP lifted its holdings in shares of Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company’s stock worth $521,250,000 after buying an additional 1,980,940 shares in the last quarter. Vanguard Group Inc. lifted its stake in Shift4 Payments by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company’s stock worth $678,668,000 after purchasing an additional 562,774 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Shift4 Payments by 799.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company’s stock valued at $23,977,000 after purchasing an additional 205,361 shares during the last quarter. Maestria Partners LLC purchased a new position in shares of Shift4 Payments during the fourth quarter valued at about $19,614,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Shift4 Payments by 2,954.7% in the fourth quarter. Principal Financial Group Inc. now owns 158,998 shares of the company’s stock worth $16,501,000 after purchasing an additional 153,793 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shift4 Payments

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson cut their price target on Shift4 Payments from $140.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 24th. Bank of America cut shares of Shift4 Payments from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $143.00 price objective (up previously from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Oppenheimer reduced their target price on shares of Shift4 Payments from $142.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Barclays lowered their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.30.

Shift4 Payments Trading Up 0.5 %

NYSE FOUR opened at $86.59 on Friday. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company’s 50-day moving average price is $103.93 and its 200-day moving average price is $99.82. The stock has a market cap of $7.72 billion, a PE ratio of 28.21, a PEG ratio of 1.04 and a beta of 1.76. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

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.