SBI Securities Co. Ltd. Acquires New Stake in Shift4 Payments, Inc. (NYSE:FOUR)

SBI Securities Co. Ltd. purchased a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,142 shares of the company's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FOUR. Asset Management One Co. Ltd. grew its position in Shift4 Payments by 14.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 775 shares of the company's stock worth $81,000 after acquiring an additional 99 shares during the last quarter. Perigon Wealth Management LLC grew its position in Shift4 Payments by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 3,909 shares of the company's stock worth $419,000 after acquiring an additional 133 shares during the last quarter. Blue Trust Inc. grew its position in Shift4 Payments by 67.3% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $44,000 after acquiring an additional 171 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Shift4 Payments by 7.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,415 shares of the company's stock worth $303,000 after acquiring an additional 243 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Shift4 Payments during the 4th quarter worth $26,000. Institutional investors own 98.87% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer reduced their price objective on Shift4 Payments from $142.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Piper Sandler reaffirmed an "overweight" rating and set a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Stephens reaffirmed an "overweight" rating and set a $125.00 target price on shares of Shift4 Payments in a report on Wednesday, February 19th. Wells Fargo & Company cut their target price on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on Shift4 Payments from $112.00 to $125.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.00.

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Shift4 Payments Stock Up 0.8 %

FOUR traded up $0.69 during midday trading on Friday, reaching $89.87. 1,993,243 shares of the company were exchanged, compared to its average volume of 1,850,417. 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 fifty day moving average price is $108.96 and its 200 day moving average price is $99.24. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a one year low of $55.87 and a one year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.22 EPS 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 analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, analysts expect that Shift4 Payments, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jordan Frankel sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value 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 represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 30.57% of the company's stock.

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.