Rhumbline Advisers Has $19.28 Million Stock Holdings in Shift4 Payments, Inc. (NYSE:FOUR)

Rhumbline Advisers lifted its position in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 155.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,795 shares of the company's stock after acquiring an additional 113,193 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Shift4 Payments worth $19,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Shift4 Payments in the fourth quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new position in Shift4 Payments in the fourth quarter valued at approximately $28,000. UMB Bank n.a. bought a new position in Shift4 Payments during the 4th quarter worth about $29,000. Waldron Private Wealth LLC bought a new position in shares of Shift4 Payments during the third quarter worth about $25,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Shift4 Payments in the third quarter valued at approximately $27,000. 98.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on FOUR shares. Morgan Stanley upped their target price on Shift4 Payments from $90.00 to $109.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Benchmark cut Shift4 Payments from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Thursday. B. Riley increased their price objective on shares of Shift4 Payments from $110.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Bank of America downgraded shares of Shift4 Payments from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $112.00 to $105.00 in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Shift4 Payments has an average rating of "Moderate Buy" and an average price target of $114.19.

Insiders Place Their Bets

In other Shift4 Payments news, insider James J. Whalen sold 1,462 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the transaction, the insider now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total transaction of $495,050.00. Following the completion of the transaction, the insider now directly owns 222,112 shares of the company's stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last three months. Insiders own 30.57% of the company's stock.

Shift4 Payments Price Performance

FOUR traded down $3.94 on Friday, hitting $94.95. 3,891,714 shares of the stock were exchanged, compared to its average volume of 1,733,772. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.09 and a beta of 1.72. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.98 and a quick ratio of 2.97. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The business has a 50-day moving average of $110.87 and a two-hundred day moving average of $97.43.

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 company had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. Sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

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.