Black Swift Group LLC Sells 24,500 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Black Swift Group LLC lowered its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 50.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,250 shares of the company's stock after selling 24,500 shares during the quarter. Black Swift Group LLC's holdings in Shift4 Payments were worth $2,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FOUR. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the fourth quarter valued at about $26,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments in the third quarter valued at about $27,000. Central Pacific Bank Trust Division acquired a new position in Shift4 Payments in the fourth quarter valued at about $28,000. UMB Bank n.a. acquired a new position in Shift4 Payments in the fourth quarter valued at about $29,000. Finally, Valley National Advisers Inc. acquired a new position in Shift4 Payments in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on FOUR shares. B. Riley boosted their price target on Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company lowered their target price on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday. DA Davidson lowered their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Keefe, Bruyette & Woods boosted their target price on Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a research note on Monday, February 3rd. They set a "hold" rating and a $120.00 target price for the company. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Shift4 Payments presently has an average rating of "Moderate Buy" and an average target price of $114.00.

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Insider Activity at Shift4 Payments

In other news, insider Jordan Frankel sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company's stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Trading Up 0.8 %

FOUR stock traded up $0.69 during trading on Friday, hitting $89.87. The company had a trading volume of 1,993,243 shares, compared to its average volume of 1,850,417. The business has a 50-day moving average of $108.96 and a 200-day moving average of $99.24. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50. The stock has a market cap of $8.01 billion, a PE ratio of 29.27, 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 - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. Research analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal 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.