CANADA LIFE ASSURANCE Co Raises Position in Shift4 Payments, Inc. (NYSE:FOUR)

CANADA LIFE ASSURANCE Co increased its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 780.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,590 shares of the company's stock after acquiring an additional 39,527 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Shift4 Payments were worth $4,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in Shift4 Payments in the 3rd quarter worth approximately $169,000. Tidal Investments LLC increased its stake in Shift4 Payments by 66.1% during the 3rd quarter. Tidal Investments LLC now owns 8,057 shares of the company's stock valued at $714,000 after purchasing an additional 3,206 shares in the last quarter. GAMMA Investing LLC raised its stake in Shift4 Payments by 548.2% during the 4th quarter. GAMMA Investing LLC now owns 551 shares of the company's stock valued at $57,000 after buying an additional 466 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Shift4 Payments during the fourth quarter valued at $259,000. Finally, Central Pacific Bank Trust Division bought a new position in Shift4 Payments in the 4th quarter worth $28,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Shift4 Payments

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was 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 in the company, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,695 shares of company stock worth $1,097,380 over the last ninety days. 30.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price target for the company. Stephens reissued an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a research note on Wednesday, February 19th. BTIG Research reduced their price objective on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, DA Davidson lowered their target price on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.30.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded down $0.66 during trading on Monday, reaching $79.62. The company's stock had a trading volume of 1,873,245 shares, compared to its average volume of 1,600,335. The company has a 50-day moving average price of $85.58 and a two-hundred day moving average price of $98.73. Shift4 Payments, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $127.50. The firm has a market cap of $7.09 billion, a PE ratio of 25.93, a P/E/G ratio of 1.04 and a beta of 1.80. 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 posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. On average, analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Shift4 Payments Company 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.