Shift4 Payments, Inc. (NYSE:FOUR) Position Increased by Corebridge Financial Inc.

Corebridge Financial Inc. boosted its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 6,556.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,349 shares of the company's stock after acquiring an additional 77,172 shares during the quarter. Corebridge Financial Inc. owned about 0.09% of Shift4 Payments worth $8,131,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FOUR. Asset Management One Co. Ltd. increased its position in shares of Shift4 Payments by 14.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after acquiring an additional 99 shares during the last quarter. Perigon Wealth Management LLC grew its stake in Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock valued at $419,000 after purchasing an additional 133 shares in the last quarter. MRP Capital Investments LLC increased its holdings in Shift4 Payments by 5.9% during the 4th quarter. MRP Capital Investments LLC now owns 2,700 shares of the company's stock worth $280,000 after purchasing an additional 150 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Shift4 Payments by 153.9% in the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after purchasing an additional 157 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $44,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

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Insider Buying and Selling

In other Shift4 Payments news, CFO Nancy Disman sold 10,000 shares of the company's 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 completion of the sale, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President David Taylor Lauber sold 2,500 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total value of $229,250.00. Following the transaction, the president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock valued at $1,097,380 over the last 90 days. 30.57% of the stock is currently owned by company insiders.

Shift4 Payments Stock Performance

Shares of FOUR traded up $1.86 during mid-day trading on Tuesday, reaching $83.57. 1,886,063 shares of the company's stock traded hands, compared to its average volume of 1,566,421. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The stock has a market capitalization of $7.45 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The business's 50-day moving average price is $102.03 and its 200-day moving average price is $100.22. 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 announced its earnings results 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 firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Equities analysts predict that Shift4 Payments, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Raymond James raised shares of Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price target on the stock in a report on Monday, March 10th. DA Davidson cut 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. Oppenheimer decreased their price target on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Stephens restated an "overweight" rating and set a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $154.00 target price on shares of Shift4 Payments in a research report on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $113.80.

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.