Charles Schwab Investment Management Inc. Purchases 31,927 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Charles Schwab Investment Management Inc. raised its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,623 shares of the company's stock after purchasing an additional 31,927 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.51% of Shift4 Payments worth $47,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter worth about $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Shift4 Payments in the fourth quarter worth about $28,000. UMB Bank n.a. acquired a new stake in shares of Shift4 Payments in the fourth quarter worth about $29,000. Valley National Advisers Inc. acquired a new stake in shares of Shift4 Payments in the fourth quarter worth about $31,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Shift4 Payments in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FOUR shares. Raymond James raised Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price objective for the company in a research report on Monday, March 10th. Oppenheimer cut their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Piper Sandler reissued 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. Bank of America cut Shift4 Payments from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.30.

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Insider Activity

In related news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This represents a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 177,622 shares in the company, valued at approximately $15,094,317.56. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,695 shares of company stock worth $1,097,380. Company insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

Shares of FOUR stock traded down $1.09 during trading hours on Tuesday, hitting $86.11. The company had a trading volume of 1,759,997 shares, compared to its average volume of 1,569,219. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.04 and a beta of 1.76. The firm's fifty day moving average is $106.72 and its 200 day moving average is $99.66. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its quarterly earnings data 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 return on equity of 29.00% and a net margin of 6.89%. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $1 billion. On average, sell-side analysts predict that Shift4 Payments, Inc. will post 3.7 EPS 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.