Chung Wu Investment Group LLC Purchases New Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Chung Wu Investment Group LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,180 shares of the company's stock, valued at approximately $330,000.

Several other large investors have also made changes to their positions in FOUR. Asset Management One Co. Ltd. lifted its position in shares of Shift4 Payments by 14.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after buying an additional 99 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Shift4 Payments by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after buying an additional 133 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Shift4 Payments by 67.3% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after buying an additional 171 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Shift4 Payments by 7.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock worth $303,000 after buying an additional 243 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Shift4 Payments in the fourth quarter worth about $26,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on FOUR. 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 note on Thursday, February 20th. Susquehanna boosted their price objective on Shift4 Payments from $105.00 to $120.00 and gave the stock a "positive" rating in a research note on Wednesday, November 13th. B. Riley boosted their price objective on Shift4 Payments from $110.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Stephens reissued an "overweight" rating and set a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, Bank of America cut Shift4 Payments from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $112.00 to $105.00 in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $114.00.

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Insider Buying and Selling

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

Shift4 Payments Trading Up 0.8 %

NYSE:FOUR traded up $0.69 during midday trading on Friday, hitting $89.87. The stock had a trading volume of 1,993,243 shares, compared to its average volume of 1,850,417. The stock has a 50-day moving average of $108.96 and a 200 day moving average of $99.24. 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 company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. As a group, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current 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.