Rice Hall James & Associates LLC Purchases 205,361 Shares of Shift4 Payments, Inc. (NYSE:FOUR)

Rice Hall James & Associates LLC boosted its holdings in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 799.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,034 shares of the company's stock after purchasing an additional 205,361 shares during the quarter. Shift4 Payments makes up about 1.3% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 21st largest holding. Rice Hall James & Associates LLC owned about 0.26% of Shift4 Payments worth $23,977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings 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 worth $16,501,000 after purchasing an additional 153,793 shares during the period. WBH Advisory Inc. acquired a new position in Shift4 Payments in the fourth quarter worth $211,000. Rhumbline Advisers boosted its holdings in Shift4 Payments by 155.9% in the fourth quarter. Rhumbline Advisers now owns 185,795 shares of the company's stock worth $19,282,000 after purchasing an additional 113,193 shares during the period. New Mexico Educational Retirement Board acquired a new position in shares of Shift4 Payments during the fourth quarter valued at $1,391,000. Finally, Blue Trust Inc. boosted its holdings in shares of Shift4 Payments by 67.3% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $44,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Price Performance

Shift4 Payments stock traded down $3.94 during midday trading on Friday, hitting $94.95. The company's stock had a trading volume of 3,891,714 shares, compared to its average volume of 1,733,772. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock's 50-day moving average price is $110.73 and its 200-day moving average price is $97.66. Shift4 Payments, Inc. has a 12 month low of $55.87 and a 12 month high of $127.50. The company has a market capitalization of $8.55 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.72.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.38%. The firm had revenue of $405.00 million for the quarter, compared to analysts' expectations of $1 billion. Analysts anticipate that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shift4 Payments news, insider David Taylor Lauber sold 5,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now owns 210,045 shares in the company, valued at approximately $23,884,216.95. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $147,764.34. Following the sale, the insider now owns 37,089 shares in the company, 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. Over the last three months, insiders have sold 11,462 shares of company stock worth $1,211,364. 30.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FOUR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price target for the company. Benchmark downgraded shares of Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Royal Bank of Canada boosted their price target on shares of Shift4 Payments from $116.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday. Bank of America downgraded shares of Shift4 Payments from a "buy" rating to a "neutral" rating and reduced their price target for the company from $112.00 to $105.00 in a report on Wednesday, December 4th. Finally, Piper Sandler reissued an "overweight" rating and set a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.19.

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.