North Reef Capital Management LP Takes Position in Shift4 Payments, Inc. (NYSE:FOUR)

North Reef Capital Management LP bought a new stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 124,998 shares of the company's stock, valued at approximately $12,972,000. Shift4 Payments makes up about 0.6% of North Reef Capital Management LP's investment portfolio, making the stock its 26th largest position. North Reef Capital Management LP owned 0.14% of Shift4 Payments as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FOUR. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. increased its stake in shares of 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 purchasing an additional 157 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $28,000. UMB Bank n.a. bought a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Shift4 Payments during the fourth quarter valued at approximately $31,000. Institutional investors own 98.87% of the company's stock.

Insider Buying and Selling

In related news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction dated Thursday, March 6th. The stock was 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 owns 264,856 shares in the company, valued at approximately $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now directly owns 177,622 shares of the company's stock, valued at approximately $15,094,317.56. The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,695 shares of company stock worth $1,097,380. 30.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FOUR has been the subject of several analyst reports. Evercore ISI initiated coverage on shares of Shift4 Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $80.00 price target for the company. Royal Bank of Canada reissued an "outperform" rating and set a $154.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 4th. Piper Sandler reduced their price target on shares of Shift4 Payments from $143.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley reduced their price target on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Finally, Susquehanna reduced their price target on shares of Shift4 Payments from $140.00 to $100.00 and set a "positive" rating for the company in a research report on Friday, April 11th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $111.30.

Shift4 Payments Stock Performance

Shares of Shift4 Payments stock traded down $0.66 on Monday, hitting $79.62. 1,873,245 shares of the company's stock were exchanged, compared to its average volume of 1,600,337. The stock has a market capitalization of $7.09 billion, a PE ratio of 25.93, a PEG ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1 year low of $56.10 and a 1 year high of $127.50. The company has a 50-day simple moving average of $85.58 and a 200-day simple moving average of $98.73. 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 quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. The business had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. As a group, equities analysts anticipate that Shift4 Payments, Inc. will post 3.7 EPS for the current 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.