Proficio Capital Partners LLC Invests $37,000 in Shift4 Payments, Inc. (NYSE:FOUR)

Proficio Capital Partners LLC 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 13F filing with the SEC. The institutional investor bought 37,465 shares of the company's stock, valued at approximately $37,000.

Other hedge funds also recently modified their holdings of the company. Wasatch Advisors LP raised its position in Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock worth $521,250,000 after purchasing an additional 1,980,940 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in Shift4 Payments by 799.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company's stock valued at $23,977,000 after purchasing an additional 205,361 shares during the last quarter. Principal Financial Group Inc. boosted its position in Shift4 Payments by 2,954.7% in the fourth quarter. Principal Financial Group Inc. now owns 158,998 shares of the company's stock valued at $16,501,000 after buying an additional 153,793 shares in the last quarter. Rhumbline Advisers grew its stake in Shift4 Payments by 155.9% during the fourth quarter. Rhumbline Advisers now owns 185,795 shares of the company's stock worth $19,282,000 after buying an additional 113,193 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new stake in Shift4 Payments during the 4th quarter worth approximately $8,665,000. 98.87% of the stock is owned by institutional investors.

Shift4 Payments Trading Up 2.6 %

Shift4 Payments stock traded up $2.18 during mid-day trading on Wednesday, hitting $85.86. 1,407,185 shares of the stock were exchanged, compared to its average volume of 1,563,977. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. 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 firm's fifty day simple moving average is $101.44 and its two-hundred day simple moving average is $100.12.

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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 for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. Analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on FOUR. Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Piper Sandler restated an "overweight" rating and set a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a research report on Wednesday, February 19th. Stephens reiterated an "overweight" rating and set a $125.00 price target on shares of Shift4 Payments in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They issued a "hold" rating and a $120.00 price objective on the stock. Finally, Barclays reduced their price target on Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $113.80.

Insider Activity

In other news, President David Taylor Lauber sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nancy Disman sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $84.98, for a total transaction of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,695 shares of company stock worth $1,097,380 in the last quarter. 30.57% of the stock is owned by corporate insiders.

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.