Guggenheim Capital LLC Makes New $951,000 Investment in Shift4 Payments, Inc. (NYSE:FOUR)

Guggenheim Capital LLC purchased a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,164 shares of the company's stock, valued at approximately $951,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Shift4 Payments during the 4th quarter valued at about $26,000. Rakuten Securities Inc. grew its position in Shift4 Payments by 153.9% during the fourth 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 period. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $28,000. UMB Bank n.a. bought a new position in Shift4 Payments in the fourth quarter worth approximately $29,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments in the 4th quarter worth $31,000. Institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FOUR. Susquehanna decreased their price objective on Shift4 Payments from $140.00 to $100.00 and set a "positive" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company decreased their price objective on shares of Shift4 Payments from $115.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday. Stephens reaffirmed an "overweight" rating and issued a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Piper Sandler cut their price target on Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, BTIG Research lowered their price objective on Shift4 Payments from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.30.

Insider Buying and Selling

In other news, CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President David Taylor Lauber sold 2,500 shares of Shift4 Payments 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 owns 264,856 shares of the company's stock, valued at $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 have sold a total of 12,695 shares of company stock valued at $1,097,380 over the last quarter. 30.57% of the stock is owned by corporate insiders.

Shift4 Payments Trading Down 0.6 %

Shares of NYSE:FOUR traded down $0.50 on Friday, hitting $80.13. 1,361,408 shares of the company's stock were exchanged, compared to its average volume of 1,596,991. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 12 month low of $56.10 and a 12 month high of $127.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 2.97. The business's 50 day simple moving average is $85.58 and its two-hundred day simple moving average is $98.65.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The company 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%. Analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal 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.