KLP Kapitalforvaltning AS Invests $1.28 Million in Shift4 Payments, Inc. (NYSE:FOUR)

KLP Kapitalforvaltning AS bought a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,300 shares of the company's stock, valued at approximately $1,276,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its position in shares of Shift4 Payments by 50.8% during the 3rd quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock valued at $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. Geode Capital Management LLC lifted its stake in Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company's stock valued at $93,797,000 after purchasing an additional 53,610 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Shift4 Payments by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company's stock worth $47,700,000 after buying an additional 31,927 shares in the last quarter. Rice Hall James & Associates LLC grew its position in Shift4 Payments by 799.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company's stock worth $23,977,000 after buying an additional 205,361 shares during the last quarter. Finally, Maestria Partners LLC bought a new position in shares of Shift4 Payments in the fourth quarter valued at $19,614,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Nancy Disman sold 10,000 shares of the business'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 approximately $15,094,317.56. The trade was a 5.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President David Taylor Lauber sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total value of $229,250.00. Following the sale, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,695 shares of company stock valued at $1,097,380 over the last three months. 30.57% of the stock is currently owned by insiders.

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Shift4 Payments Stock Down 7.7 %

Shares of NYSE FOUR traded down $6.64 during trading hours on Thursday, hitting $79.18. The stock had a trading volume of 3,044,220 shares, compared to its average volume of 1,565,477. The firm's 50-day moving average price is $100.67 and its two-hundred day moving average price is $99.97. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The company has a market capitalization of $7.06 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.04 and a beta of 1.80. 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 posted its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. The company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FOUR shares. Keefe, Bruyette & Woods reduced their price objective on Shift4 Payments from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday. Wells Fargo & Company decreased their price target on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price objective on the stock. Oppenheimer reduced their price objective on shares of Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Piper Sandler reissued an "overweight" rating and issued a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Shift4 Payments has a consensus rating of "Moderate Buy" and a consensus target price of $113.45.

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.