Proficio Capital Partners LLC Acquires Shares of 37,465 Shift4 Payments, Inc. (NYSE:FOUR)

Proficio Capital Partners LLC acquired a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,465 shares of the company's stock, valued at approximately $37,000.

Other hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Shift4 Payments during the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new position in Shift4 Payments during the fourth quarter worth about $28,000. UMB Bank n.a. acquired a new position in Shift4 Payments in the 4th quarter valued at about $29,000. Valley National Advisers Inc. purchased a new stake in shares of Shift4 Payments in the 4th quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Shift4 Payments during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Transactions at Shift4 Payments

In related news, 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 completion of the transaction, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 30.57% of the company's stock.

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Shift4 Payments Stock Up 3.2 %

Shares of FOUR traded up $2.72 during midday trading on Monday, hitting $87.22. The company had a trading volume of 1,858,358 shares, compared to its average volume of 1,568,480. Shift4 Payments, Inc. has a 1 year low of $55.87 and a 1 year high of $127.50. The firm has a market capitalization of $7.77 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38. The company's 50-day simple moving average is $107.10 and its 200-day simple moving average is $99.63.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, sell-side analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on FOUR. DA Davidson decreased their price objective on Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Keefe, Bruyette & Woods increased their price target on Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Raymond James upgraded shares of Shift4 Payments from an "outperform" rating to a "strong-buy" rating and set a $140.00 price objective on the stock in a report on Monday, March 10th. Morgan Stanley lowered their target price on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Finally, Stephens reissued an "overweight" rating and issued a $125.00 price target on shares of Shift4 Payments in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.30.

Shift4 Payments Company 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.