Edgestream Partners L.P. Purchases New Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Edgestream Partners L.P. bought a new position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,076 shares of the company's stock, valued at approximately $1,980,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in shares of Shift4 Payments during the 4th quarter worth $26,000. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments during the fourth quarter valued at about $28,000. UMB Bank n.a. acquired a new stake in Shift4 Payments during the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in shares of Shift4 Payments in the 3rd quarter worth about $27,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Shift4 Payments in the 4th quarter valued at about $31,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FOUR has been the topic of several research reports. Benchmark lowered shares of Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Morgan Stanley cut their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group upped their price target on shares of Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Oppenheimer cut their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, 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. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Shift4 Payments currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.30.

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Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $6.10 during trading hours on Thursday, hitting $84.23. 2,960,437 shares of the company's stock traded hands, compared to its average volume of 1,862,431. The company's fifty day simple moving average is $108.08 and its two-hundred day simple moving average is $99.45. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. 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, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results 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. The firm had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the sale, the president now directly owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 30.57% of the company's stock.

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.