Blair William & Co. IL Buys 114,545 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Blair William & Co. IL increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 1,396.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,748 shares of the company's stock after purchasing an additional 114,545 shares during the quarter. Blair William & Co. IL owned 0.14% of Shift4 Payments worth $12,739,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $26,000. Rakuten Securities Inc. lifted its stake in Shift4 Payments by 153.9% in the fourth quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Shift4 Payments in the fourth quarter valued at $28,000. UMB Bank n.a. acquired a new position in shares of Shift4 Payments during the fourth quarter valued at $29,000. Finally, Valley National Advisers Inc. bought a new position in shares of Shift4 Payments during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FOUR. Barclays decreased their price objective on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Bank of America lowered Shift4 Payments from a "buy" rating to a "neutral" rating and lowered their price target for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Raymond James raised shares of Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price objective for the company in a report on Monday, March 10th. DA Davidson lowered their target price on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, Stephens restated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven investment 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 company. Based on data from MarketBeat, Shift4 Payments presently has an average rating of "Moderate Buy" and a consensus price target of $113.80.

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Shift4 Payments Trading Up 1.4 %

NYSE FOUR traded up $1.21 on Wednesday, reaching $84.89. The company had a trading volume of 614,758 shares, compared to its average volume of 1,562,799. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The stock's 50 day moving average is $102.03 and its 200-day moving average is $100.22. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.04 and a beta of 1.76.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The business 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%. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of Shift4 Payments stock in a transaction dated Thursday, March 6th. The stock was 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 in the company, valued at $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 is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock valued at $1,097,380 over the last three months. 30.57% of the stock is currently owned by corporate insiders.

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.