Geode Capital Management LLC Buys 106,217 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Geode Capital Management LLC grew its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,164,586 shares of the company's stock after purchasing an additional 106,217 shares during the period. Geode Capital Management LLC owned about 1.29% of Shift4 Payments worth $120,899,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its holdings in Shift4 Payments by 14.6% in the 4th 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 Shift4 Payments by 3.5% during the fourth 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 during the period. MRP Capital Investments LLC boosted its holdings in Shift4 Payments by 5.9% in the fourth 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 stake in Shift4 Payments by 153.9% during the 4th quarter. Rakuten Securities Inc. now owns 259 shares of the company's stock valued at $27,000 after buying an additional 157 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings 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 period. Hedge funds and other institutional investors own 98.87% of the company's stock.

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Shift4 Payments Trading Up 0.7 %

Shares of NYSE FOUR traded up $0.51 during midday trading on Monday, hitting $78.60. The company's stock had a trading volume of 115,888 shares, compared to its average volume of 1,592,792. The business's 50 day moving average is $94.13 and its two-hundred day moving average is $99.61. Shift4 Payments, Inc. has a 12-month low of $55.87 and a 12-month high of $127.50. The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a market cap of $7.00 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. As a group, equities research analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In related 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 value 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 $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares in the company, valued at $15,094,317.56. This trade represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock worth $1,097,380 in the last three months. Corporate insiders own 30.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FOUR. Royal Bank of Canada restated an "outperform" rating and set a $154.00 price target on shares of Shift4 Payments in a research note on Tuesday, March 4th. Raymond James decreased their target price on shares of Shift4 Payments from $140.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 4th. BTIG Research dropped their price target on shares of Shift4 Payments from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday. Susquehanna lowered their price objective on Shift4 Payments from $140.00 to $100.00 and set a "positive" rating on the stock in a research report on Friday. Finally, Morgan Stanley lowered their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Eight investment 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $109.24.

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.