Shift4 Payments, Inc. (NYSE:FOUR) Shares Purchased by Black Swift Group LLC

Black Swift Group LLC boosted its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 225.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,750 shares of the company's stock after purchasing an additional 33,750 shares during the quarter. Shift4 Payments comprises approximately 1.0% of Black Swift Group LLC's investment portfolio, making the stock its 22nd largest holding. Black Swift Group LLC owned about 0.06% of Shift4 Payments worth $4,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOUR. Oppenheimer & Co. Inc. lifted its stake in Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company's stock valued at $3,330,000 after acquiring an additional 7,905 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Shift4 Payments by 0.6% during the third quarter. WCM Investment Management LLC now owns 265,128 shares of the company's stock valued at $23,291,000 after purchasing an additional 1,526 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Shift4 Payments in the 3rd quarter worth about $27,000. Covestor Ltd increased its stake in Shift4 Payments by 68.4% in the 3rd quarter. Covestor Ltd now owns 2,730 shares of the company's stock valued at $242,000 after buying an additional 1,109 shares during the last quarter. Finally, Atria Investments Inc bought a new position in shares of Shift4 Payments during the 3rd quarter worth approximately $385,000. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other news, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $81.30, for a total value of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares in the company, valued at $14,874,566.70. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jordan Frankel sold 12,500 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the sale, the insider now directly owns 228,021 shares in the company, valued at approximately $18,827,693.97. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FOUR shares. Wells Fargo & Company upped their target price on Shift4 Payments from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday. Benchmark reiterated a "buy" rating and set a $99.00 target price on shares of Shift4 Payments in a research note on Thursday, September 5th. Oppenheimer started coverage on shares of Shift4 Payments in a report on Tuesday, October 1st. They issued an "outperform" rating and a $109.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, DA Davidson raised their price target on shares of Shift4 Payments from $118.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.15.

Shift4 Payments Stock Down 2.5 %

Shift4 Payments stock traded down $2.51 during mid-day trading on Thursday, hitting $98.86. The company had a trading volume of 1,521,656 shares, compared to its average volume of 1,370,373. The business has a fifty day moving average of $89.89 and a 200 day moving average of $77.22. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $106.31. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 1.16 and a beta of 1.64.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 earnings per share for the quarter, meeting analysts' consensus estimates of $0.91. The firm had revenue of $365.10 million for the quarter, compared to analyst estimates of $369.07 million. Shift4 Payments had a net margin of 4.04% and a return on equity of 24.78%. On average, sell-side analysts expect that Shift4 Payments, Inc. will post 3.04 earnings per share for the current fiscal year.

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.