Peregrine Capital Management LLC Has $9.46 Million Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Peregrine Capital Management LLC reduced its position in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 23.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,143 shares of the company's stock after selling 28,629 shares during the period. Peregrine Capital Management LLC owned approximately 0.10% of Shift4 Payments worth $9,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FOUR. Waldron Private Wealth LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in Shift4 Payments during the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC purchased a new stake in Shift4 Payments during the 3rd quarter worth approximately $27,000. Central Pacific Bank Trust Division purchased a new stake in Shift4 Payments during the 4th quarter worth approximately $28,000. Finally, UMB Bank n.a. purchased a new stake in Shift4 Payments during the 4th quarter worth approximately $29,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Shift4 Payments Trading Down 17.5 %

NYSE FOUR traded down $22.02 on Wednesday, hitting $103.64. 9,831,615 shares of the stock were exchanged, compared to its average volume of 1,549,365. Shift4 Payments, Inc. has a 52-week low of $55.87 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 56.33, a P/E/G ratio of 1.28 and a beta of 1.72. The company's 50-day moving average price is $110.87 and its two-hundred day moving average price is $97.38.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%. The firm had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. Research analysts predict that Shift4 Payments, Inc. will post 2.95 EPS for the current year.

Insider Activity

In related news, insider Jordan Frankel sold 5,000 shares of Shift4 Payments stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company's stock, valued at approximately $21,991,309.12. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Whalen sold 1,462 shares of Shift4 Payments stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares of the company's stock, valued at approximately $3,748,585.23. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,462 shares of company stock worth $1,211,364 in the last ninety days. Corporate insiders own 30.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FOUR shares. Piper Sandler reissued an "overweight" rating and issued a $143.00 target price (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday. Susquehanna lifted their price target on Shift4 Payments from $105.00 to $120.00 and gave the company a "positive" rating in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on Shift4 Payments from $106.00 to $119.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Oppenheimer lifted their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Finally, Morgan Stanley lifted their price target on Shift4 Payments from $90.00 to $109.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.90.

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.