Shift4 Payments, Inc. (NYSE:FOUR) Stake Lifted by Portolan Capital Management LLC

Portolan Capital Management LLC increased its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,971 shares of the company's stock after buying an additional 6,359 shares during the period. Portolan Capital Management LLC owned about 0.16% of Shift4 Payments worth $14,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CreativeOne Wealth LLC acquired a new position in Shift4 Payments during the 4th quarter valued at about $797,000. Mariner LLC increased its holdings in shares of Shift4 Payments by 2.7% during the fourth quarter. Mariner LLC now owns 23,991 shares of the company's stock valued at $2,490,000 after acquiring an additional 630 shares in the last quarter. Summit Investment Advisors Inc. purchased a new position in shares of Shift4 Payments in the 4th quarter valued at approximately $1,427,000. Granite Investment Partners LLC boosted its stake in Shift4 Payments by 6.4% in the 4th quarter. Granite Investment Partners LLC now owns 42,444 shares of the company's stock worth $4,405,000 after purchasing an additional 2,554 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Shift4 Payments by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,944 shares of the company's stock worth $2,796,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 98.87% of the company's stock.

Shift4 Payments Trading Down 1.0 %

Shares of FOUR traded down $0.77 during midday trading on Friday, reaching $76.67. The company had a trading volume of 868,230 shares, compared to its average volume of 1,596,624. The firm has a 50 day simple moving average of $89.81 and a 200-day simple moving average of $99.06. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The stock has a market cap of $6.83 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.04 and a beta of 1.80. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1 billion. Research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President David Taylor Lauber sold 2,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the sale, the president now owns 264,856 shares of the company's stock, valued at approximately $24,287,295.20. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Nancy Disman sold 10,000 shares of the company'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 owns 177,622 shares in the company, valued at approximately $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,695 shares of company stock valued at $1,097,380. 30.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Susquehanna dropped their price objective on shares of Shift4 Payments from $140.00 to $100.00 and set a "positive" rating on the stock in a report on Friday, April 11th. DA Davidson cut their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Barclays cut their price target on Shift4 Payments from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Stephens reaffirmed an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Morgan Stanley lowered their price objective on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Shift4 Payments currently has an average rating of "Moderate Buy" and an average target price of $109.24.

About Shift4 Payments

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.